Vodafone Idea Limited — Board Meeting, 09-12-2024: Outcome of Board Meeting

The Board of Directors of Vodafone Idea Limited has approved the issuance of up to 1,755.32 crore equity shares at an issue price of Rs. 11.28 per share, amounting to a total consideration of up to Rs. 1,980 crore. This preferential issue will be directed to Omega Telecom Holdings Private Limited (Rs. 1,280 crore) and Usha Martin Telematics Limited (Rs. 700 crore), both promoters of the company. An extraordinary general meeting is set to be convened to approve this matter.