Vodafone Idea (Vi) has decided to offer a 2,458 crore stake in the financially beleaguered telecommunications (telecom) operator to long-term vendors Nokia and Ericsson in a bid to partially clear outstanding dues.
The company's board has approved the preferential issue of 1,027 million equity shares with a face value of 10 each to Nokia and 633.7 million shares to Ericsson, Vi said in a regulatory filing on Thursday.
At an issuing price of 14.8 per share, Nokia will potentially receive an equity stake worth 1,520 crore, while Ericsson will receive equity worth ₹938 crore.
"After this preferential issuance, the shareholding of Nokia and Ericsson in the company will be 1.5 per cent and 0.9 per cent, respectively," Vi said.
The combined stake owned by promoters Aditya Birla Group and Vodafone Plc will stand at 37.3 per cent, while the Centre will hold 23.2 per cent, with the remaining 37.1 per cent being public shareholding.
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هذه القصة مأخوذة من طبعة June 14, 2024 من Business Standard.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
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