The shares of Vodafone Idea jumped 7% to a four-month high level on Wednesday after the telecom company said that its board will meet on May 16 to consider a proposal to raise funds through the issuance of equity shares and warrants on a preferential basis, after the recent AGR relief announced by the government.
In an exchange filing released in the post-market hours of Tuesday, Vodafone Idea said that its board of directors will meet on May 16 to consider and approve its results for the fourth quarter of the financial year 2026. Along with the earnings, the board will also consider and evaluate the proposal for “raising of funds by way of issuance of equity shares and / or warrants on preferential basis, subject to such approvals as may be required, including approval of the shareholders of the company,” it said.
