Telecom operator Vodafone Idea (Vi) on Thursday announced that its board has approved issuing equity and raising funds from promoters and promoter group at an issue price of ₹13.30 per equity share (including a premium of ₹3.30 per equity share), aggregating to around ₹4,500 crore. The company said it has allotted equity shares to three promoters i.e., 1,96,66,35,338 shares to Euro Pacific Securities on a preferential basis, whereas 57,09,58,646 shares to Prime Metals and remaining 84,58,64,661 shares to Oriana Investment. The company added that “after the above allotment of the equity shares, the paid-up equity share capital of the Company stands increased to Rs. 3,21,18,84,78,850/- consisting of 32,11,88,47,885 equity shares of face value of Rs.10/- each." Shares of Vodafone Idea were trading over a per cent higher at ₹9.9 apiece on the BSE in Thursday's afternoon deals.

Source: Mint April 01, 2022 01:14 UTC