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Vodafone Idea to raise ₹4,500 crore by issuing shares to promoters
short by Ashley Paul / on Thursday, 3 March, 2022
Vodafone Idea (Vi) on Thursday said its board has approved raising ₹4,500 crore by issuing shares to its promoters on preferential basis. The firm will issue up to 3.39 billion shares at ₹13.30 a share, 20% premium to its current market price, to Vodafone Group's Euro Pacific Securities and Prime Metals and Aditya Birla Group's (ABG) Oriana Investments.
read more at Moneycontrol