“…The Capital Raising Committee of the Board, in its meeting held today (July 18), approved Rs. 14.80 at an issue price of Rs. Approved the first phase of allotment of 41,52,02,701 equity shares of face value 10/- each. Nokia Solutions and Networks India Pvt Ltd (25,67,56,756 equity shares) and Ericsson India Pvt Ltd (15,84,45,945 equity shares), sellers (non company promoters), on preferential basis, totaling Rs. 615 crore,” ),” V said in an exchange filing on Thursday.
V added that following the allotment, the paid-up share capital of the telco increased to Rs. 684,540,864,730, out of which Rs. Consisting of 68,454,086,473 equity shares of face value of 10.
Last month, Vi announced a preferential issue of equity shares to Nokia and Ericsson worth Rs. announced plans to raise up to 2,458 crore to clear part of their dues and set the stage for the telco’s 4G expansion and 5G rollout.
Nokia and Ericsson respectively Rs. 1,520 crore and Rs. 938 crore will participate. After the preferential issue, Nokia and Ericsson’s shareholding in Vi will be 1.5% and 0.9% respectively.
Shares of Vi fell 3.04% on BSE on Thursday to Rs. Closed at 16.28.
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