Vodafone Idea Limited has allotted 430 crore warrants to Suryaja Investments Pte. Ltd. an Aditya Birla Group entity and a member of the promoter group, on a preferential basis. The Capital Raising Committee of the board approved the allotment at a meeting held on June 22, 2026.
The warrants were issued for cash at an issue price of Rs 11 per warrant. Suryaja Investments Pte. Ltd. has paid 25% of the issue price, amounting to Rs 2.75 per warrant, aggregating to Rs 1,182.50 crore.
Each warrant is convertible into one fully paid-up equity share of Vodafone Idea Limited with a face value of Rs 10 at a premium of Re 1 per share. The conversion may be exercised in one or more tranches within 18 months from the date of allotment, with the remaining 75% of the issue price payable upon exercise.
The board of Vodafone Idea Limited had approved the preferential issuance of warrants at its meeting held on May 16, 2026. Shareholders ratified the resolution through a special resolution passed at an extraordinary general meeting on June 11, 2026.
There is no increase in the paid-up equity share capital of Vodafone Idea Limited as the allotment is of warrants and not equity shares. The Capital Raising Committee meeting commenced at 6:00 PM and concluded at 6:10 PM on June 22, 2026.
Disclaimer: This article is based on company filings submitted to the Bombay Stock Exchange (BSE) and National Stock Exchange of India (NSE) and is for informational purposes only. It does not constitute investment advice or a recommendation. Investors should conduct their own research and consult a qualified financial advisor before making investment decisions.