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.
Get latest articles and stories on Business at LatestLY. Telecom operator Vodafone Idea said on Wednesday it will raise Rs 436.21 crore equity investment from its UK-based promoter firm Vodafone Group. Business News | Vodafone Idea Raises Rs 436 Crore from Promoter Vodafone Group.