Announced Mon, 22 Jun · 19:53 IST
Vodafone Idea allots 430 Cr warrants to Aditya Birla promoter entity at Rs 11
IDEA · price
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Price reaction · full curve 14 horizons · vs prior close
-3.2%1-day move
₹14.79
prior close
₹14.84
base price
After-mkt
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-0.3+0.3+0.5+0.3-3.2-5.0-2.7-2.1-1.1-3.9-6.9-10.8——
Up moveDown movePending
AI summary
Vodafone Idea has allotted 430 Crore warrants to Suryaja Investments, an Aditya Birla Group promoter group entity, at Rs. 11 per warrant on a preferential basis. The company received Rs. 1,182.50 Cr as 25% upfront payment. Each warrant converts into one equity share within 18 months on payment of the remaining 75%. No immediate rise in paid-up equity capital since these are warrants, not shares.
Likely market impact
Promoter group continues to back Vi with fresh capital of about Rs 4,730 Cr on full conversion, signaling confidence in the company's turnaround.