Vodafone Idea board approves raising Rs 1,910 crore from promoters

Vodafone Idea on Thursday approved raising Rs 1,909.95 crore from promoters Omega Telecom Holdings Private and Usha Martin Telematics via preferential allotment.

The company has allotted 1.7 billion equity shares of face value of Rs 10 each at an issue price of Rs 11.28 per equity share (including a premium of Rs 1.28 per equity share) to the promoters.