The board of Vi has approved an issuance of up to 139.5 crore equity shares at an issue price of ₹14.87 per equity share to Oriana Investments, an entity under the Aditya Birla Group.
The fundraising plan approved in EGM held on Tuesday; to help Vi invest in enhancing 4G and 5G services
Through a combination of equity and debt, the company plans to raise around ₹45,000 crore.
The teleco’s board will meet on February 27, 2024, to consider and evaluate proposals for raising of funds in one or more tranches via equity or debt instruments.
