Vi Approves Up to Rs. 14,500-Crore Fundraising, Promoters to Inject Rs. 4,500 Crore

Debt-ridden telecom operator Vodafone Idea (VIL) on Thursday said its board has approved raising up to Rs. 14,500 crore, including Rs. 4,500 crore from promoter entities — Vodafone and Aditya Birla Group. An amount of Rs. 10,000 crore would be raised by way of equity or debt instruments, in one or more tranches. In a regulatory filing, the company said the board has cleared issuance of up to 338.3 crore equity shares of face value of Rs. 10 each at an issue price of Rs. 13.30 per equity share for an aggregate consideration of up to Rs. 4,500 crore. These shares will be issued to Euro Pacific Securities Limited and Prime Metals Limited (Vodafone Group entities and promoters of the company), and Oriana Investments Private Limited (an Aditya Birla Group entity) on a preferential basis, the BSE filing said.

Debt-ridden telecom operator Vodafone Idea (VIL) on Thursday said its board has approved raising up to Rs. 14,500 crore, including Rs. 4,500 crore from promoter entities — Vodafone and Aditya Birla Group. An amount of Rs. 10,000 crore would be raised by way of equity or debt instruments, in one or more tranches. In a regulatory filing, the company said the board has cleared issuance of up to 338.3 crore equity shares of face value of Rs. 10 each at an issue price of Rs. 13.30 per equity share for an aggregate consideration of up to Rs. 4,500 crore. These shares will be issued to Euro Pacific Securities Limited and Prime Metals Limited (Vodafone Group entities and promoters of the company), and Oriana Investments Private Limited (an Aditya Birla Group entity) on a preferential basis, the BSE filing said.

Debt-ridden telecom operator Vodafone Idea (VIL) on Thursday said its board has approved raising up to Rs. 14,500 crore, including Rs. 4,500 crore from promoter entities — Vodafone and Aditya Birla Group. An amount of Rs. 10,000 crore would be raised by way of equity or debt instruments, in one or more tranches. In a regulatory filing, the company said the board has cleared issuance of up to 338.3 crore equity shares of face value of Rs. 10 each at an issue price of Rs. 13.30 per equity share for an aggregate consideration of up to Rs. 4,500 crore. These shares will be issued to Euro Pacific Securities Limited and Prime Metals Limited (Vodafone Group entities and promoters of the company), and Oriana Investments Private Limited (an Aditya Birla Group entity) on a preferential basis, the BSE filing said.

Debt-ridden telecom operator Vodafone Idea (VIL) on Thursday said its board has approved raising up to Rs. 14,500 crore, including Rs. 4,500 crore from promoter entities — Vodafone and Aditya Birla Group. An amount of Rs. 10,000 crore would be raised by way of equity or debt instruments, in one or more tranches. In a regulatory filing, the company said the board has cleared issuance of up to 338.3 crore equity shares of face value of Rs. 10 each at an issue price of Rs. 13.30 per equity share for an aggregate consideration of up to Rs. 4,500 crore. These shares will be issued to Euro Pacific Securities Limited and Prime Metals Limited (Vodafone Group entities and promoters of the company), and Oriana Investments Private Limited (an Aditya Birla Group entity) on a preferential basis, the BSE filing said.

Debt-ridden telecom operator Vodafone Idea (VIL) on Thursday said its board has approved raising up to Rs. 14,500 crore, including Rs. 4,500 crore from promoter entities — Vodafone and Aditya Birla Group. An amount of Rs. 10,000 crore would be raised by way of equity or debt instruments, in one or more tranches. In a regulatory filing, the company said the board has cleared issuance of up to 338.3 crore equity shares of face value of Rs. 10 each at an issue price of Rs. 13.30 per equity share for an aggregate consideration of up to Rs. 4,500 crore. These shares will be issued to Euro Pacific Securities Limited and Prime Metals Limited (Vodafone Group entities and promoters of the company), and Oriana Investments Private Limited (an Aditya Birla Group entity) on a preferential basis, the BSE filing said.

Debt-ridden telecom operator Vodafone Idea (VIL) on Thursday said its board has approved raising up to Rs. 14,500 crore, including Rs. 4,500 crore from promoter entities — Vodafone and Aditya Birla Group. An amount of Rs. 10,000 crore would be raised by way of equity or debt instruments, in one or more tranches. In a regulatory filing, the company said the board has cleared issuance of up to 338.3 crore equity shares of face value of Rs. 10 each at an issue price of Rs. 13.30 per equity share for an aggregate consideration of up to Rs. 4,500 crore. These shares will be issued to Euro Pacific Securities Limited and Prime Metals Limited (Vodafone Group entities and promoters of the company), and Oriana Investments Private Limited (an Aditya Birla Group entity) on a preferential basis, the BSE filing said.

Debt-ridden telecom operator Vodafone Idea (VIL) on Thursday said its board has approved raising up to Rs. 14,500 crore, including Rs. 4,500 crore from promoter entities — Vodafone and Aditya Birla Group. An amount of Rs. 10,000 crore would be raised by way of equity or debt instruments, in one or more tranches. In a regulatory filing, the company said the board has cleared issuance of up to 338.3 crore equity shares of face value of Rs. 10 each at an issue price of Rs. 13.30 per equity share for an aggregate consideration of up to Rs. 4,500 crore. These shares will be issued to Euro Pacific Securities Limited and Prime Metals Limited (Vodafone Group entities and promoters of the company), and Oriana Investments Private Limited (an Aditya Birla Group entity) on a preferential basis, the BSE filing said.

Debt-ridden telecom operator Vodafone Idea (VIL) on Thursday said its board has approved raising up to Rs. 14,500 crore, including Rs. 4,500 crore from promoter entities — Vodafone and Aditya Birla Group. An amount of Rs. 10,000 crore would be raised by way of equity or debt instruments, in one or more tranches. In a regulatory filing, the company said the board has cleared issuance of up to 338.3 crore equity shares of face value of Rs. 10 each at an issue price of Rs. 13.30 per equity share for an aggregate consideration of up to Rs. 4,500 crore. These shares will be issued to Euro Pacific Securities Limited and Prime Metals Limited (Vodafone Group entities and promoters of the company), and Oriana Investments Private Limited (an Aditya Birla Group entity) on a preferential basis, the BSE filing said.

Debt-ridden telecom operator Vodafone Idea (VIL) on Thursday said its board has approved raising up to Rs. 14,500 crore, including Rs. 4,500 crore from promoter entities — Vodafone and Aditya Birla Group. An amount of Rs. 10,000 crore would be raised by way of equity or debt instruments, in one or more tranches. In a regulatory filing, the company said the board has cleared issuance of up to 338.3 crore equity shares of face value of Rs. 10 each at an issue price of Rs. 13.30 per equity share for an aggregate consideration of up to Rs. 4,500 crore. These shares will be issued to Euro Pacific Securities Limited and Prime Metals Limited (Vodafone Group entities and promoters of the company), and Oriana Investments Private Limited (an Aditya Birla Group entity) on a preferential basis, the BSE filing said.