Vodafone Idea board approves Rs. 25,000 Cr fund raising

The Board of Directors of Vodafone Idea Limited has approved raising of funds through issues of equity shares or securities and unsecured or secured non-convertible debentures up to Rs. 25,000 crore.

The issue of equity shares or securities convertible into equity shares, Global Depository Receipts, American Depository Receipts, foreign currency convertible bonds, convertible debentures, warrants, composite issue of non-convertible debentures and warrants entitling the warrant holders to apply for equity shares or a combination thereof up to an aggregate amount of Rs. 15,000 crore by way a public issue, preferential allotment, private placement, qualified institutions placement or through any other permissible mode in one or more tranches.

Issuance of unsecured and/or secured, non-convertible debentures up to an aggregate amount of Rs. 15,000 crore, by way of public offering or private placement basis or otherwise, in one or more tranches.

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