Vodafone Idea plans a ₹615 crore preferential share issue at ₹14.80/share to strengthen its capital base.

Vodafone Idea plans to raise ₹615 crore through a preferential share issue at ₹14.80/share, with the funds earmarked to strengthen the company's capital base. The company has allotted more than 40 crore shares on a preferential basis to Nokia Solutions and Networks India and Ericsson India, both of whom are non-promoter vendors. This move aligns with SEBI's regulations and effectively increases the company's paid-up share capital.

July 18, 2024
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