Corporate News     03-Mar-22
Board of Vodafone Idea approves preferential issue of shares and fund raising up to Rs 10K cr
At meeting held on 03 March 2022
The Board of Vodafone Idea at its meeting held on 03 March 2022 has approved the following -

1. Issuance of upto 3,38,34,58,645 equity shares of face value of Rs. 10/- each at an issue price of Rs. 13.30 per equity share (including a premium of Rs. 3.30 per equity share), which is at a 10% premium to the floor price of Rs.12.08 as per SEBI (ICDR) Regulations, for an aggregate consideration of upto Rs.4,500 crore to Euro Pacific Securities and Prime Metals (Vodafone Group entities and promoters of the Company), and Oriana Investments (Aditya Birla Group entity forming part of the promoter group) on a preferential basis.

2. Issue of equity shares or securities convertible into equity shares, Global Depository Receipts, American Depository Receipts foreign currency convertible bonds, convertible debentures, warrants, composite issue of non-convertible debentures and warrants entitling the warrant holder(s) to apply for equity shares or a combination thereof up to an aggregate amount of Rs. 10,000 crore by way of private placement, qualified institutions placement or through any other permissible mode in one or more tranches.

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