Vodafone Idea announced through its filing with the Bombay Stock Exchange (BSE) on Thursday that its Board of Directors will convene on February 27 to deliberate and authorize fundraising proposals.
The agenda of the meeting will include discussions on various avenues for raising funds, which may involve multiple installments. The company will explore options such as a rights issue, further public offering, private placement including preferential allotment, qualified institutions placement, or any other permissible method, individually or in combination, as deemed suitable.
Vodafone Idea’s shares concluded at ₹16.28 per share on the BSE on Thursday.
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