Vodafone Idea Limited has informed the Exchange regarding Issuance of Warrants on Preferential Basis aggregating upto Rs 4,730 Crores to Suryaja Investments Pte. Ltd., Singapore, (an Aditya Birla Group entity and Promoter Group Company)
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Vodafone Idea's Board has approved issuance of up to 430 crore warrants to Suryaja Investments Pte. Ltd., Singapore, an Aditya Birla Group entity and Promoter Group company. The warrants are priced at Rs. 11 per unit, aggregating up to Rs. 4,730 crore on a preferential basis. Each warrant is convertible into one equity share of face value Rs. 10 within 18 months from allotment. At full conversion, Suryaja Investments would hold approximately 3.82% of the expanded share capital. The company plans to convene an Extraordinary General Meeting on 11 June 2026 to seek shareholder approval for this preferential issue under SEBI ICDR Regulations.
The infusion of Rs. 4,730 crore will strengthen Vodafone Idea's balance sheet and provide liquidity to meet its debt obligations. The entry of the Aditya Birla Group as a promoter group investor is a positive signal for the company's turnaround prospects.