Vodafone Idea Shareholders Approve Rs 20,000-Crore Fundraising Plan; Check Details
Vodafone Idea conducted an extraordinary general meeting (EGM) with shareholders on April 2 to seek approval for the proposed fundraising.After the fundraising reports, Vodafone Idea's shares on Wednesday rose Rs 0.27, or 2.01 per cent, to Rs 13.71 apiece on the BSE during the dayVodafone Idea’s (Vi) shareholders on Wednesday approved the company’s plan to raise Rs 20,000 crore in fundraising through a combination of equity and equity-linked instruments. Following this, its shares gained over 2 per cent.The fundraising could be by way of issue of equity shares or by way of any instruments including securities convertible into equity shares, Global Depository Receipts, American Depository Receipts or bonds including foreign currency convertible bonds, convertible debentures, warrants, etc....
