Vodafone Idea Ltd said its board has allotted 427.7 mln shares to Euro Pacific Securities Ltd, a Vodafone Group entity, following the exercise of an option related to warrant conversion, via an exchange filing.
When the warrants were subscribed for in July, the warrant holder paid 10.20 rupees per share, for a total of 4.36 billion rupees.
At present, the promoter and promoter group in Vodafone Idea holds a 74.99% stake, while public shareholding is at 25.01% as of December 31, 2022. Post this transaction, the promoter s shareholding will trim down to 50%.