Vodafone Idea : today approved preferential allotment of ~166 Crore equity shares at an issue price of Rs. 14.80 per share, worth Rs. 2,458 Crore, to two of its key vendors, Nokia & Ericsson
▪️This preferential allotment price is higher by ~35% to the FPO price and comes
with a lock in of 6 months.
▪️Nokia and Ericsson will participate for up to Rs. 1,520 Crore and Rs. 938
▪️Post this preferential issuance, the shareholding
▫️Nokia : 1.5%
▫️Ericsson : 0.9%
▫️Promoter (ABG and Vodafone) : 37.3%
▫️ Govt : 23.2%,
▫️Public : 37.1%
▪️This preferential allotment price is higher by ~35% to the FPO price and comes
with a lock in of 6 months.
▪️Nokia and Ericsson will participate for up to Rs. 1,520 Crore and Rs. 938
▪️Post this preferential issuance, the shareholding
▫️Nokia : 1.5%
▫️Ericsson : 0.9%
▫️Promoter (ABG and Vodafone) : 37.3%
▫️ Govt : 23.2%,
▫️Public : 37.1%