Vodafone Idea receives shareholders’ approval for Rs 20,000 cr fundraising

Vodafone Idea has got approval from shareholders for a proposal to raise Rs 20,000 crore through a combination of equity and equity-linked securities, said the telecom company in a market filing.

“An Extraordinary General Meeting of Vodafone Idea Limited was held today, that is, Tuesday, April 2, 2024, at 3.00 p.m. through Video Conferencing (VC) / Other Audio Visual Means (OAVM) in accordance with the relevant circulars issued by the Ministry of Corporate Affairs and the Securities and Exchange Board of India,” said the filing.