Vodafone Idea Limited announced that it expects to receive INR 24.579999899 billion in funding from Nokia Solutions And Networks India Private Limited, Ericsson India Private Limited

Vodafone Idea Limited announced a private placement of 1,66,08,10,804 equity shares of face value of INR 10 each at an issue price of INR 14.8 per equity share (including a premium of INR 4.8 per equity share) for a gross proceeds INR 24,579,999,899.2 on June 13, 2024. The transaction includes participation from Nokia Solutions and Networks India Private Limited and Ericsson India Private Limited. The transaction is approved by board of directors and subject to approval from shareholders.

The transaction will occur in one or more tranches.