Vodafone Idea approves fund raise of up to Rs 20,000 crore; Know details here
"The Board has also authorised the management to appoint various intermediaries, including bankers and counsels, to execute the fund raise. The Company will call for a meeting of its shareholders on April 2, 2024, and post-shareholder approval, it expects to complete the equity fund raise in the coming quarter," said Vodafone Idea in a statement post-market hours on Tuesday.
The stock of Vodafone Idea ended the trading session on BSE down by 5.93 per cent, or Rs 1.00, at Rs 15.87. Image Courtesy: Reuters.