VIL to issue shares to Vodafone Group for Rs 1,980 crore in preferential allotment

The board of Vodafone Idea Ltd (VIL) on Monday approved a proposal to issue up to 175.53 crore shares on a preferential basis to Vodafone Group entities for ₹1,980 crore at ₹11.28 apiece.

The VIL share on Monday closed 0.12 per cent lower at ₹8.10 on the BSE. At close it had a market cap of ₹56,456.85 crore.