• Vodafone Idea share price declined 4 percent in early trade on March 4 after the board approved raising Rs 4,500 crore via issuing of shares to promoters on a preferential basis.
  • "Vodafone Idea board in its meeting held on March 3 has approved the issuance of up to 3,38,34,58,645 equity shares of face value Rs 10 each at an issue price of Rs 13.30 per equity share (including a premium of Rs 3.30 per share), which is at a 10% premium to the floor price of Rs 12.08 for an aggregate consideration of up to Rs 4,500 crore, to Euro Pacific Securities Ltd and Prime Metals Ltd (Vodafone Group entities and promoters), and Oriana Investments Pte Ltd (Aditya Birla Group entity forming part of the promoter group) on a preferential basis," the company said in its release.
  • The board also approved issue of equity shares or securities convertible into shares, global depository receipts, American depository receipts, foreign currency convertible bonds, convertible debentures, warrants, composite issue of nonconvertible debentures and warrants up to an aggregate amount of Rs 10,000 crore by way of private placement, qualified institutions placement or through any other permissible mode in one or more tranches.