Board of Vodafone Idea has allotted 4276 cr warrants to promoter group entity

27 Jul 2022 , 01:31 AM

The Board of Vodafone Idea at its meeting held on 25 July 2022 has approved the allotment of 427656421 warrants to Euro Pacific Securities a Vodafone Group entity and promoter of the Company for cash at an issue price of Rs 1020 per warrant against receipt of 100Percentage of the issue price received upfront aggregating to Rs 43621 crore with a right to the warrant holder to apply for and be allotted 1 one equity share of face value of Rs 10 each of the company at a premium of Re 020 ie twenty paise within a period of 18 Eighteen months from the date of allotment