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.
The Centre is now the largest shareholder in Vi, with a 33% stake as it agreed to convert its dues worth ₹16,000 crore into equity shares.
