The board of Vi has approved an issuance of up to 139.5 crore equity shares at an issue price of ₹14.87 per equity share to Oriana Investments, an entity under the Aditya Birla Group.
The teleco’s board will meet on February 27, 2024, to consider and evaluate proposals for raising of funds in one or more tranches via equity or debt instruments.
Niraj Kumar, chief investment officer, Future Generali India Life Insurance, sees opportunities in aviation, automobile, commodity-related sectors and telecom.
An investment of ₹1 lakh in this multibagger telecom stock at the mid of January last year would have grown to around ₹19 lakh in just one year.
