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Vodafone Idea to issue shares worth Rs 1,980 crore on a preferential basis, sets price at Rs 11.28/share
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Vodafone Idea's board of directors on Monday approved issuance of up to 1,75.53 crore equity shares worth Rs 1,980 crore on a preferential basis. The company has set the issue price at Rs 11.28 per share.
The shares aggregating up to Rs 1,280 crore will be issued to Omega Telecom Holdings Private Limited while worth Rs 700 crore to Usha Martin Telematics Limited.
Both are Vodafone Group entities and promoters of the company.
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