Vodafone Thought Ltd. accredited issuance of 139.5 crore share of face worth of Rs 10 every at a difficulty value of Rs. 14.87 per fairness share to promoters, in line with an change submitting. The difficulty value represents a premium of 11% from Friday’s closing.
This features a premium of Rs. 4.87 per fairness share, totaling Rs. 2,075 crores.
The issuance can be made to Oriana Investments Pte. Ltd, an entity inside the Aditya Birla Group and a part of the promoter group, on a preferential foundation, in compliance with Chapter V of the SEBI (Subject of Capital and Disclosure Necessities) Laws, 2018.
As of the March 2024 quarter, Oriana Investments Pte. presently holds 299.31 crore shares, representing a 5.97% shareholding within the firm.
The ground value for the Preferential Subject, as per the provisions of the ICDR Laws, can be decided primarily based on the related date, which is April 8, 2024.