Vodafone Idea Board to consider proposal for raising upto Rs 500 crores on 22 June

VIL board to meet on Wednesday to consider proposal for raising funds upto Rs 500 crores.

Estimated reading time: 0 minutes, 42 seconds

Vodafone Idea Limited’s today informed the BSE that a meeting of the Board of Directors of the company has been scheduled to be held later this week. The meeting to be held on 22nd June 2022, Wednesday will consider the proposal to raise funds aggregating up to Rs 500 crores.

The funds are proposed to be raised through the issuance of equity shares and convertible warrants on a preferential basis to one or more entities belonging to Vodafone Group.

The company further added that the trading window for dealing in securities of the company shall remain closed for all designated persons under the code of conduct and the same shall remain closed till 48 hours from the conclusion of the board meeting.

The trading window for dealing in the securities of the company shall remain closed till 24th June 2022 and will reopen on 25th June 2022.

Thank you for reading OnlyTech! For the latest tech news, follow us on Twitter, Google News, Telegram and Facebook. For the latest videos on gadgets and tech, subscribe to our YouTube channel.

Avatar of Basil Kannagi Arasu
Basil Kannagi Arasu

News Reporter

Basil keeps an eye on the latest happenings in the Telecom sector. You can find him streaming the Premier League, which he started watching in 2013, in his free time.

Leave a Comment