Vodafone Idea Limited has completed the allotment of warrants on a preferential basis to a promoter group entity. The allotment was approved by the Capital Raising Committee of the Board of Directors at its meeting held on 22 June 2026 from 6:00 p.m. to 6:10 p.m.
Transaction Details
- Number of Warrants Allotted: 430 crore warrants
- Allottee: Suryaja Investments Pte. Ltd. (an Aditya Birla Group entity and member of the Promoter Group)
- Issue Price: ₹11 per warrant
- Initial Payment Received: 25% of issue price (₹2.75 per warrant)
- Total Amount Received: ₹1,182.50 crore
Conversion Terms
Each warrant is convertible into one fully paid-up equity share of face value ₹10 at a premium of ₹1 per share. The conversion may be exercised:
- In one or more tranches
- During the period commencing from the date of allotment (22 June 2026) until expiry of 18 months
- Upon payment of the remaining 75% of the issue price against each warrant
Capital Structure Impact
There is no immediate increase in the paid-up equity share capital of the Company as the allotment is of warrants only. The equity dilution will occur only upon exercise of the conversion option.
Approvals Obtained
- Board of Directors approval: 16 May 2026
- Shareholder approval via special resolution: Extra-Ordinary General Meeting held on 11 June 2026