Vodafone Idea to raise Rs 2,458 cr from Nokia, Ericsson and Networks India

After raising Rs 18,000 crore from the market in April this year, Vodafone Idea Ltd on Thursday said its board has approved a preference share issue to mop up Rs 2,458 crore from Nokia Solutions, Networks India Private Ltd and Ericsson India Pvt Ltd.

In a regulatory filing, Vodafone Idea said that it will allot 102.7 crore shares aggregating Rs 1,520 crore to Nokia Solutions and Networks India Private Limited, and remaining 63.37 crore shares aggregating Rs 938 crore to Ericsson India Private Limited.