VIL board to mull raising up to ₹500-cr. from Vodafone Group
The Hindu
Firm may issue equity shares or convertible warrants
Debt-ridden Vodafone Idea's board is scheduled to meet on June 22 to consider a proposal for raising funds to the tune of ₹500 crore from Vodafone Group.
The fundraising will be through the issuance of equity shares or convertible warrants on a preferential basis to one or more entities belonging to Vodafone Group (one of the promoters of the company).
"... A meeting of the Board of Directors of the company is scheduled to be held on Wednesday, 22nd June 2022... to consider proposal for raising of funds aggregating up to ₹500 crore, by way of issuance of equity shares and / or convertible warrants on a preferential basis to one or more entities belonging to Vodafone Group (one of the promoters of the company)," VIL said in a filing to BSE on Sunday evening.
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