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The Times of India

Business

PTI

VIL board okays share allotment to 3 promoter group companies to raise Rs 4,500 crore

VIL Vodafone Idea Vodafone New Delhi

NEW DELHI: Vodafone Idea on Thursday said its board has approved the allotment of 338.3 crore equity shares at Rs 13.30 per scrip to three promoters group entities - Euro Pacific Securities, Prime Metals and Oriana Investments - for about Rs 4,500 crore.

The telecom operator had earlier this month announced Rs 14,500 crore fundraising plans, where promoters would inject Rs 4,500 crore.

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