The debt-ridden telecom company pegged the issue price at ₹11.28 per equity share."...Board of...Vodafone Idea Limited at its meeting held today 9 December 2024, has approved... issuance of up to 1,755,319,148 equity shares of face value of ₹10 each at an issue price of ₹11.28 per equity share (including a premium of ₹1.28 per equity share) for an aggregate consideration of up to ₹1,980 crore on a preferential basis to Omega Telecom Holdings (up to ₹1,280 crore) and Usha Martin Telematics (up to ₹700 crore), Vodafone Group entities and promoters of the company...," VIL said in a BSE filing.The relevant date for determining the floor price of the preferential issue is December 6, 2024, it said.An extraordinary general meeting would be held on January 7, 2025, to approve the matter, said the telco, which trails larger rivals Reliance Jio and Bharti Airtel both on subscriber count and revenue metrics.

Vodafone Idea to raise ₹1,980 cr from parent

2239,3403,825,358,3125,4919

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is the World's largest and fastest growing self-service, cross-platform digital newsstand with over 88 million users since its inception in 2011 and thousands of magazines and newspapers across 40+ categories and 60+ languages. Headquartered in New York, Magzter has its local presence in Amsterdam, London, Mexico City, Chennai, Mumbai, New Delhi, Bengaluru, Singapore, and will soon be expanding to other countries. Founded by global entrepreneurs, Girish Ramdas and Vijay Radhakrishnan in June 2011, Magzter enables magazine and newspaper publishers around the world to create and deliver digital editions of their titles to global consumers.

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which gives digital readers unlimited access to 9,000+ magazines and newspapers for a monthly subscription price. Magzter also has the largest number of stories in the world with its game-changing ezRead 2.0 feature for its apps, which enables smartphone and small-screen mobile users to enjoy magazine content the way it was meant to be enjoyed, with article text that is easy to read and is accompanied by stunning videos and high resolution photography.

{{magzter}} is the World's largest and fastest growing self-service, cross-platform digital newsstand with over 88 million users since its inception in 2011 and thousands of magazines and newspapers across 40+ categories and 60+ languages. Headquartered in New York, Magzter has its local presence in Amsterdam, London, Mexico City, Chennai, Mumbai, New Delhi, Bengaluru, Singapore, and will soon be expanding to other countries. Founded by global entrepreneurs, Girish Ramdas and Vijay Radhakrishnan in June 2011, Magzter enables magazine and newspaper publishers around the world to create and deliver digital editions of their titles to global consumers.