Vodafone Idea Board approves preferential issue of 430 crore warrants to promoter group entity Suryaja Investments for ₹4,730 crore.
Each warrant is priced at ₹11 and convertible into one equity share within 18 months of allotment.
An Extraordinary General Meeting is scheduled for 11 June 2026 to seek shareholder approval for the transaction.
Post full conversion, Suryaja Investments will hold a 3.82% stake in the company.