Vodafone Idea Fund Raise: Telecom Giant Secures Rs 1900 Crore Via Preferential Issue

On Thursday, Vodafone Idea Limited (VIL) announced the successful allocation of 1,69,32,18,361 equity shares on a preferential basis to its promoters.

The shares, with a face value of Rs 10 each, were issued at Rs 11.28 per share, including a premium of Rs 1.28. The allotment was made to Omega Telecom Holdings Private Limited (1,08,45,94,607 shares) and Usha Martin Telematics Limited (60,86,23,754 shares), collectively amounting to Rs 1,909.95 crore.

Vodafone Idea Fund Raise 
‘the Capital Raising Committee of the Board (“Capital Raising Committee”) has, at its meeting held today i.e. 9 January 2025, allotted 1,69,32,18,361 Equity Shares of face value of Rs. 10/- each at an issue price of Rs. 11.28 per equity share (including a premium of Rs. 1.28 per equity share), to Omega Telecom Holdings Private Limited (1,08,45,94,607 Equity Shares) and Usha Martin Telematics Limited (60,86,23,754 Equity Shares), promoters of the Company, aggregating to Rs. 1909.95 crores,’ as mentioned in the exchange filing by the company. 
This significant capital infusion follows the board’s approval on December 9, 2024, and a special resolution passed by shareholders on January 7, 2025.

Boost to Equity Base
Post-allotment, VIL’s paid-up equity share capital now stands at Rs 7,13,93,03,50,010, representing a total of 71,39,30,35,001 equity shares of teh face value Rs 10/each.

‘the paid-up Equity Share Capital of the Company stands increased to Rs 7,13,93,03,50,010 comprising of 71,39,30,35,001 Equity Shares of the face value of Rs. 10/- each,’ as mentioned in the exchange filing.

Vodafone Group Clears Debt 
In December 2024, UK-based Vodafone Group successfully cleared dues amounting to Rs 11,650 crore (approximately £109 million), which were raised by pledging shares of Vodafone Idea (VIL). 

According to a regulatory filing, the debt was secured through the entire stake in VIL, pledged in favor of HSBC Corporate Trustee Company (UK). This debt was raised by Vodafone Group's Mauritius and India-based entities.

As of September 30, 2024, Vodafone Group holds a 22.56% stake in Vodafone Idea, while the Aditya Birla Group owns 14.76%, and the Indian government holds a 23.15% stake.

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