Telecom operator Vodafone Thought (Vi) on Thursday introduced that its board has authorized issuing fairness and elevating funds from promoters and promoter group at a problem value of ₹13.30 per fairness share (together with a premium of ₹3.30 per fairness share), aggregating to round ₹4,500 crore.
“The board of administrators of the corporate thought-about and authorized the allotment of three,38,34,58,645 fairness shares of Rs.10/- every for money at a problem value of Rs.13.30 per fairness share (together with a premium of Rs.3.30 per fairness share), aggregating to Rs. 4,500 crore,” Vi knowledgeable in an change submitting.
The corporate stated it has allotted fairness shares to a few promoters i.e., 1,96,66,35,338 shares to Euro Pacific Securities on a preferential foundation, whereas 57,09,58,646 shares to Prime Metals and remaining 84,58,64,661 shares to Oriana Funding.
The shareholders of the corporate had authorized the stated issuance vide particular decision handed on the Additional-ordinary Normal Assembly held on twenty sixth March, 2022.
The corporate added that “after the above allotment of the fairness shares, the paid-up fairness share capital of the Firm stands elevated to Rs. 3,21,18,84,78,850/- consisting of 32,11,88,47,885 fairness shares of face worth of Rs.10/- every.”
Shares of Vodafone Thought had been buying and selling over a per cent greater at ₹9.9 apiece on the BSE in Thursday’s afternoon offers.
Supply: Live Mint