Voda Idea gets shareholders nod to raise share capital to Rs 50K cr

Telecom operator Vodafone Idea has received shareholders’ approval to raise its authorised share capital to Rs 50,000 crore, according to a regulatory filing by the company on Wednesday.

The increased authorised share capital provides headroom for the company to infuse additional funds.

“The members have approved increase in the authorised share capital of the company from existing Rs 3,02,93,00,20,000 (over Rs 30,293 crore) to Rs 5,00,00,00,00,000 (Rs 50,000 crore) by amending clause V of the memorandum of association,” Vodafone Idea said in a BSE filing.

The proposal was approved by over 92 per cent shareholders in the annual general meeting of the company held on Tuesday.