New Delhi: Debt-ridden telecom operator Vodafone Idea It said on Thursday that its board has approved raising up to Rs 14,500 crore, including Rs 4,500 crore, from promoter entities.
An amount of Rs 10,000 crore will be raised through sale of equity or through debt instruments like ADRs, GDRs and FCCBs.
In a regulatory filing, the company said the board has approved issuance of 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 on a preferential basis to Euro Pacific Securities Ltd and Prime Metals Ltd (Vodafone Group entities and promoters of the company), and Oriana Investments Pvt Ltd (a unit of Aditya Birla Group), the filing said.
An amount of Rs 10,000 crore will be raised through sale of equity or through debt instruments like ADRs, GDRs and FCCBs.
In a regulatory filing, the company said the board has approved issuance of 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 on a preferential basis to Euro Pacific Securities Ltd and Prime Metals Ltd (Vodafone Group entities and promoters of the company), and Oriana Investments Pvt Ltd (a unit of Aditya Birla Group), the filing said.