Vodafone Idea board approves raising Rs 4,500 crore from 3 promoters

NEW DELHI: Vodafone Idea (Vi) on Thursday said its board has approved raising of Rs 4,500 crore by allotting 3,38,34,58,645 equity shares to three promoter or promoter group entities at Rs 13.30 a piece.

The telecom operator said it has allotted 1,96,66,35,338 shares to Euro Pacific Securities on a preferential basis, another 57,09,58,646 shares to Prime Metals and rest 84,58,64,661 shares to Oriana Investment.

The shareholders of the company had approved the said issuance vide special resolution passed at the extra-ordinary general meeting held on March 26.

In a filing to exchanges, Vodafone Idea said: "Please further note 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."