Vodafone Idea promoters earmark shares worth ₹3,529 crore to settle legacy liabilities
Mumbai: Vodafone Idea’s (Vi) promoters have earmarked 3.28 billion equity shares worth ₹3,529 crore to settle legacy liabilities related to merger between Vodafone India and Idea Cellular.
This comes after Vi, on Wednesday, amended an agreement with its Vodafone promoter group to secure the recovery of nearly ₹5,836 crore linked to liabilities arising from the 2017 Vodafone-Idea merger. The revised recovery structure included ₹2,307 crore in cash, which will be paid by Vodafone promoters over the next 12 months.
