Vodafone Idea Ltd. allotted shares worth Rs 1,910 crore to two of its promoters on a preferential basis on Thursday, according to the exchange filing.
Following approval from VIL's board of directors, its capital raising committee allotted 169.3 crore equity shares to Omega Telecom Holdings Pvt. and Usha Martin Telematics Ltd. at an issue price of Rs 11.28 apiece, which includes a premium of Rs 1.28 per equity share.
The telecom firm allotted 108.5 crore equity shares to Omega, while Usha Martin bagged 60.9 crore equity shares. As a result, the Aditya Birla Group company's paid-up equity share capital increased to Rs 71,393 crore, comprising 7,139.3 crore equity shares with a face value of Rs 10 each.
On Tuesday, VIL announced that it is preparing for a phased rollout of 5G in India.
VIL is partnering with global leaders like Ericsson, Nokia and Samsung. Moondra said that by March, thousands of new sites will enhance Vi customers' connectivity, elevating their network experience to extraordinary heights.
The telecom company will also launch new, "first-of-their-kind" tariff plans designed with their consumers in mind. In 2024, the company expanded its network by adding over 46,000 new sites. They enhanced the capacity at over 58,000 sites for faster internet.
Shares of VIL closed 0.75% lower at Rs 7.93 apiece on the BSE before the announcement, compared to a 0.68% decline in the benchmark Sensex.
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