Vodafone Idea gets ₹4,730 crore Aditya Birla Group backing through warrant issue

Vodafone Idea has approved the allotment of 430 crore warrants to promoter-group entity Suryaja Investments, paving the way for a potential ₹4,730 crore capital infusion. The company has already received ₹1,182.5 crore upfront, with the balance payable when the warrants are converted into equity shares over the next 18 months.

Leave a Reply

Your email address will not be published. Required fields are marked *