While Nokia Solutions was allotted over 25.67 crore equity shares, Ericsson India was issued over 15.84 crore equity shares, the filing said.
The company board had approved the preferential allotment of shares to Nokia, Ericsson sopra its board incontro acceso June 13.
The company informed about the development after market hours. Vodafone Concetto shares ended today at Rs 16.32 acceso the NSE, by Rs 0.48 2.86%.
Nokia Solutions and Ericsson India are vendors of Vodafone Concetto and this preferential allotment will enable VIL to clear part of their outstanding dues. June 13, Vodafone Concetto’s board of directors had approved a fundraising plan worth Rs 2,458 crore by issuing over 166 crore fully paid-up equity shares sopra one more tranches acceso a preferential basis.The company, sopra its filing to the exchanges, had then said that up to 1,02,70,27,024 equity shares of value of Rs 10 apiece will be issued at a price of Rs 14.80 per certo equity share (including a premium of Rs 4.80 per certo equity share) to Nokia Solutions and Networks India Private Limited, a non-promoter of the company. The aggregate value of the shares will be up to Rs 1,520 crore.The filing further said that Vi will also issue up to 63,37,83,780 equity shares at an issue price of Rs 14.80 per certo unit that includes a premium of Rs 4.80 per certo equity share to Ericsson India, also non-promoter company. The issued shares will be worth up to Rs 938 crore.
This preferential allotment price is higher by 35% to the FPO price and comes with a lock-in of 6 months. Post this preferential issuance, the shareholding of Nokia and Ericsson sopra the company will be 1.5% and 0.9%, respectively. The promoter’s (ABG and Vodafone) shareholding will stand at 37.3% and shareholding of the Government of India will stand at 23.2%, while the balance 37.1% will be with the public.
While Nokia Solutions was allotted over 25.67 crore equity shares, Ericsson India was issued over 15.84 crore equity shares, the filing said.
The company board had approved the preferential allotment of shares to Nokia, Ericsson sopra its board incontro acceso June 13.
The company informed about the development after market hours. Vodafone Concetto shares ended today at Rs 16.32 acceso the NSE, by Rs 0.48 2.86%.
Nokia Solutions and Ericsson India are vendors of Vodafone Concetto and this preferential allotment will enable VIL to clear part of their outstanding dues. June 13, Vodafone Concetto’s board of directors had approved a fundraising plan worth Rs 2,458 crore by issuing over 166 crore fully paid-up equity shares sopra one more tranches acceso a preferential basis.The company, sopra its filing to the exchanges, had then said that up to 1,02,70,27,024 equity shares of value of Rs 10 apiece will be issued at a price of Rs 14.80 per certo equity share (including a premium of Rs 4.80 per certo equity share) to Nokia Solutions and Networks India Private Limited, a non-promoter of the company. The aggregate value of the shares will be up to Rs 1,520 crore.The filing further said that Vi will also issue up to 63,37,83,780 equity shares at an issue price of Rs 14.80 per certo unit that includes a premium of Rs 4.80 per certo equity share to Ericsson India, also non-promoter company. The issued shares will be worth up to Rs 938 crore.
This preferential allotment price is higher by 35% to the FPO price and comes with a lock-in of 6 months. Post this preferential issuance, the shareholding of Nokia and Ericsson sopra the company will be 1.5% and 0.9%, respectively. The promoter’s (ABG and Vodafone) shareholding will stand at 37.3% and shareholding of the Government of India will stand at 23.2%, while the balance 37.1% will be with the public.
While Nokia Solutions was allotted over 25.67 crore equity shares, Ericsson India was issued over 15.84 crore equity shares, the filing said.
The company board had approved the preferential allotment of shares to Nokia, Ericsson sopra its board incontro acceso June 13.
The company informed about the development after market hours. Vodafone Concetto shares ended today at Rs 16.32 acceso the NSE, by Rs 0.48 2.86%.
Nokia Solutions and Ericsson India are vendors of Vodafone Concetto and this preferential allotment will enable VIL to clear part of their outstanding dues. June 13, Vodafone Concetto’s board of directors had approved a fundraising plan worth Rs 2,458 crore by issuing over 166 crore fully paid-up equity shares sopra one more tranches acceso a preferential basis.The company, sopra its filing to the exchanges, had then said that up to 1,02,70,27,024 equity shares of value of Rs 10 apiece will be issued at a price of Rs 14.80 per certo equity share (including a premium of Rs 4.80 per certo equity share) to Nokia Solutions and Networks India Private Limited, a non-promoter of the company. The aggregate value of the shares will be up to Rs 1,520 crore.The filing further said that Vi will also issue up to 63,37,83,780 equity shares at an issue price of Rs 14.80 per certo unit that includes a premium of Rs 4.80 per certo equity share to Ericsson India, also non-promoter company. The issued shares will be worth up to Rs 938 crore.
This preferential allotment price is higher by 35% to the FPO price and comes with a lock-in of 6 months. Post this preferential issuance, the shareholding of Nokia and Ericsson sopra the company will be 1.5% and 0.9%, respectively. The promoter’s (ABG and Vodafone) shareholding will stand at 37.3% and shareholding of the Government of India will stand at 23.2%, while the balance 37.1% will be with the public.
While Nokia Solutions was allotted over 25.67 crore equity shares, Ericsson India was issued over 15.84 crore equity shares, the filing said.
The company board had approved the preferential allotment of shares to Nokia, Ericsson sopra its board incontro acceso June 13.
The company informed about the development after market hours. Vodafone Concetto shares ended today at Rs 16.32 acceso the NSE, by Rs 0.48 2.86%.
Nokia Solutions and Ericsson India are vendors of Vodafone Concetto and this preferential allotment will enable VIL to clear part of their outstanding dues. June 13, Vodafone Concetto’s board of directors had approved a fundraising plan worth Rs 2,458 crore by issuing over 166 crore fully paid-up equity shares sopra one more tranches acceso a preferential basis.The company, sopra its filing to the exchanges, had then said that up to 1,02,70,27,024 equity shares of value of Rs 10 apiece will be issued at a price of Rs 14.80 per certo equity share (including a premium of Rs 4.80 per certo equity share) to Nokia Solutions and Networks India Private Limited, a non-promoter of the company. The aggregate value of the shares will be up to Rs 1,520 crore.The filing further said that Vi will also issue up to 63,37,83,780 equity shares at an issue price of Rs 14.80 per certo unit that includes a premium of Rs 4.80 per certo equity share to Ericsson India, also non-promoter company. The issued shares will be worth up to Rs 938 crore.
This preferential allotment price is higher by 35% to the FPO price and comes with a lock-in of 6 months. Post this preferential issuance, the shareholding of Nokia and Ericsson sopra the company will be 1.5% and 0.9%, respectively. The promoter’s (ABG and Vodafone) shareholding will stand at 37.3% and shareholding of the Government of India will stand at 23.2%, while the balance 37.1% will be with the public.
While Nokia Solutions was allotted over 25.67 crore equity shares, Ericsson India was issued over 15.84 crore equity shares, the filing said.
The company board had approved the preferential allotment of shares to Nokia, Ericsson sopra its board incontro acceso June 13.
The company informed about the development after market hours. Vodafone Concetto shares ended today at Rs 16.32 acceso the NSE, by Rs 0.48 2.86%.
Nokia Solutions and Ericsson India are vendors of Vodafone Concetto and this preferential allotment will enable VIL to clear part of their outstanding dues. June 13, Vodafone Concetto’s board of directors had approved a fundraising plan worth Rs 2,458 crore by issuing over 166 crore fully paid-up equity shares sopra one more tranches acceso a preferential basis.The company, sopra its filing to the exchanges, had then said that up to 1,02,70,27,024 equity shares of value of Rs 10 apiece will be issued at a price of Rs 14.80 per certo equity share (including a premium of Rs 4.80 per certo equity share) to Nokia Solutions and Networks India Private Limited, a non-promoter of the company. The aggregate value of the shares will be up to Rs 1,520 crore.The filing further said that Vi will also issue up to 63,37,83,780 equity shares at an issue price of Rs 14.80 per certo unit that includes a premium of Rs 4.80 per certo equity share to Ericsson India, also non-promoter company. The issued shares will be worth up to Rs 938 crore.
This preferential allotment price is higher by 35% to the FPO price and comes with a lock-in of 6 months. Post this preferential issuance, the shareholding of Nokia and Ericsson sopra the company will be 1.5% and 0.9%, respectively. The promoter’s (ABG and Vodafone) shareholding will stand at 37.3% and shareholding of the Government of India will stand at 23.2%, while the balance 37.1% will be with the public.
While Nokia Solutions was allotted over 25.67 crore equity shares, Ericsson India was issued over 15.84 crore equity shares, the filing said.
The company board had approved the preferential allotment of shares to Nokia, Ericsson sopra its board incontro acceso June 13.
The company informed about the development after market hours. Vodafone Concetto shares ended today at Rs 16.32 acceso the NSE, by Rs 0.48 2.86%.
Nokia Solutions and Ericsson India are vendors of Vodafone Concetto and this preferential allotment will enable VIL to clear part of their outstanding dues. June 13, Vodafone Concetto’s board of directors had approved a fundraising plan worth Rs 2,458 crore by issuing over 166 crore fully paid-up equity shares sopra one more tranches acceso a preferential basis.The company, sopra its filing to the exchanges, had then said that up to 1,02,70,27,024 equity shares of value of Rs 10 apiece will be issued at a price of Rs 14.80 per certo equity share (including a premium of Rs 4.80 per certo equity share) to Nokia Solutions and Networks India Private Limited, a non-promoter of the company. The aggregate value of the shares will be up to Rs 1,520 crore.The filing further said that Vi will also issue up to 63,37,83,780 equity shares at an issue price of Rs 14.80 per certo unit that includes a premium of Rs 4.80 per certo equity share to Ericsson India, also non-promoter company. The issued shares will be worth up to Rs 938 crore.
This preferential allotment price is higher by 35% to the FPO price and comes with a lock-in of 6 months. Post this preferential issuance, the shareholding of Nokia and Ericsson sopra the company will be 1.5% and 0.9%, respectively. The promoter’s (ABG and Vodafone) shareholding will stand at 37.3% and shareholding of the Government of India will stand at 23.2%, while the balance 37.1% will be with the public.
While Nokia Solutions was allotted over 25.67 crore equity shares, Ericsson India was issued over 15.84 crore equity shares, the filing said.
The company board had approved the preferential allotment of shares to Nokia, Ericsson sopra its board incontro acceso June 13.
The company informed about the development after market hours. Vodafone Concetto shares ended today at Rs 16.32 acceso the NSE, by Rs 0.48 2.86%.
Nokia Solutions and Ericsson India are vendors of Vodafone Concetto and this preferential allotment will enable VIL to clear part of their outstanding dues. June 13, Vodafone Concetto’s board of directors had approved a fundraising plan worth Rs 2,458 crore by issuing over 166 crore fully paid-up equity shares sopra one more tranches acceso a preferential basis.The company, sopra its filing to the exchanges, had then said that up to 1,02,70,27,024 equity shares of value of Rs 10 apiece will be issued at a price of Rs 14.80 per certo equity share (including a premium of Rs 4.80 per certo equity share) to Nokia Solutions and Networks India Private Limited, a non-promoter of the company. The aggregate value of the shares will be up to Rs 1,520 crore.The filing further said that Vi will also issue up to 63,37,83,780 equity shares at an issue price of Rs 14.80 per certo unit that includes a premium of Rs 4.80 per certo equity share to Ericsson India, also non-promoter company. The issued shares will be worth up to Rs 938 crore.
This preferential allotment price is higher by 35% to the FPO price and comes with a lock-in of 6 months. Post this preferential issuance, the shareholding of Nokia and Ericsson sopra the company will be 1.5% and 0.9%, respectively. The promoter’s (ABG and Vodafone) shareholding will stand at 37.3% and shareholding of the Government of India will stand at 23.2%, while the balance 37.1% will be with the public.
While Nokia Solutions was allotted over 25.67 crore equity shares, Ericsson India was issued over 15.84 crore equity shares, the filing said.
The company board had approved the preferential allotment of shares to Nokia, Ericsson sopra its board incontro acceso June 13.
The company informed about the development after market hours. Vodafone Concetto shares ended today at Rs 16.32 acceso the NSE, by Rs 0.48 2.86%.
Nokia Solutions and Ericsson India are vendors of Vodafone Concetto and this preferential allotment will enable VIL to clear part of their outstanding dues. June 13, Vodafone Concetto’s board of directors had approved a fundraising plan worth Rs 2,458 crore by issuing over 166 crore fully paid-up equity shares sopra one more tranches acceso a preferential basis.The company, sopra its filing to the exchanges, had then said that up to 1,02,70,27,024 equity shares of value of Rs 10 apiece will be issued at a price of Rs 14.80 per certo equity share (including a premium of Rs 4.80 per certo equity share) to Nokia Solutions and Networks India Private Limited, a non-promoter of the company. The aggregate value of the shares will be up to Rs 1,520 crore.The filing further said that Vi will also issue up to 63,37,83,780 equity shares at an issue price of Rs 14.80 per certo unit that includes a premium of Rs 4.80 per certo equity share to Ericsson India, also non-promoter company. The issued shares will be worth up to Rs 938 crore.
This preferential allotment price is higher by 35% to the FPO price and comes with a lock-in of 6 months. Post this preferential issuance, the shareholding of Nokia and Ericsson sopra the company will be 1.5% and 0.9%, respectively. The promoter’s (ABG and Vodafone) shareholding will stand at 37.3% and shareholding of the Government of India will stand at 23.2%, while the balance 37.1% will be with the public.
While Nokia Solutions was allotted over 25.67 crore equity shares, Ericsson India was issued over 15.84 crore equity shares, the filing said.
The company board had approved the preferential allotment of shares to Nokia, Ericsson sopra its board incontro acceso June 13.
The company informed about the development after market hours. Vodafone Concetto shares ended today at Rs 16.32 acceso the NSE, by Rs 0.48 2.86%.
Nokia Solutions and Ericsson India are vendors of Vodafone Concetto and this preferential allotment will enable VIL to clear part of their outstanding dues. June 13, Vodafone Concetto’s board of directors had approved a fundraising plan worth Rs 2,458 crore by issuing over 166 crore fully paid-up equity shares sopra one more tranches acceso a preferential basis.The company, sopra its filing to the exchanges, had then said that up to 1,02,70,27,024 equity shares of value of Rs 10 apiece will be issued at a price of Rs 14.80 per certo equity share (including a premium of Rs 4.80 per certo equity share) to Nokia Solutions and Networks India Private Limited, a non-promoter of the company. The aggregate value of the shares will be up to Rs 1,520 crore.The filing further said that Vi will also issue up to 63,37,83,780 equity shares at an issue price of Rs 14.80 per certo unit that includes a premium of Rs 4.80 per certo equity share to Ericsson India, also non-promoter company. The issued shares will be worth up to Rs 938 crore.
This preferential allotment price is higher by 35% to the FPO price and comes with a lock-in of 6 months. Post this preferential issuance, the shareholding of Nokia and Ericsson sopra the company will be 1.5% and 0.9%, respectively. The promoter’s (ABG and Vodafone) shareholding will stand at 37.3% and shareholding of the Government of India will stand at 23.2%, while the balance 37.1% will be with the public.
While Nokia Solutions was allotted over 25.67 crore equity shares, Ericsson India was issued over 15.84 crore equity shares, the filing said.
The company board had approved the preferential allotment of shares to Nokia, Ericsson sopra its board incontro acceso June 13.
The company informed about the development after market hours. Vodafone Concetto shares ended today at Rs 16.32 acceso the NSE, by Rs 0.48 2.86%.
Nokia Solutions and Ericsson India are vendors of Vodafone Concetto and this preferential allotment will enable VIL to clear part of their outstanding dues. June 13, Vodafone Concetto’s board of directors had approved a fundraising plan worth Rs 2,458 crore by issuing over 166 crore fully paid-up equity shares sopra one more tranches acceso a preferential basis.The company, sopra its filing to the exchanges, had then said that up to 1,02,70,27,024 equity shares of value of Rs 10 apiece will be issued at a price of Rs 14.80 per certo equity share (including a premium of Rs 4.80 per certo equity share) to Nokia Solutions and Networks India Private Limited, a non-promoter of the company. The aggregate value of the shares will be up to Rs 1,520 crore.The filing further said that Vi will also issue up to 63,37,83,780 equity shares at an issue price of Rs 14.80 per certo unit that includes a premium of Rs 4.80 per certo equity share to Ericsson India, also non-promoter company. The issued shares will be worth up to Rs 938 crore.
This preferential allotment price is higher by 35% to the FPO price and comes with a lock-in of 6 months. Post this preferential issuance, the shareholding of Nokia and Ericsson sopra the company will be 1.5% and 0.9%, respectively. The promoter’s (ABG and Vodafone) shareholding will stand at 37.3% and shareholding of the Government of India will stand at 23.2%, while the balance 37.1% will be with the public.
While Nokia Solutions was allotted over 25.67 crore equity shares, Ericsson India was issued over 15.84 crore equity shares, the filing said.
The company board had approved the preferential allotment of shares to Nokia, Ericsson sopra its board incontro acceso June 13.
The company informed about the development after market hours. Vodafone Concetto shares ended today at Rs 16.32 acceso the NSE, by Rs 0.48 2.86%.
Nokia Solutions and Ericsson India are vendors of Vodafone Concetto and this preferential allotment will enable VIL to clear part of their outstanding dues. June 13, Vodafone Concetto’s board of directors had approved a fundraising plan worth Rs 2,458 crore by issuing over 166 crore fully paid-up equity shares sopra one more tranches acceso a preferential basis.The company, sopra its filing to the exchanges, had then said that up to 1,02,70,27,024 equity shares of value of Rs 10 apiece will be issued at a price of Rs 14.80 per certo equity share (including a premium of Rs 4.80 per certo equity share) to Nokia Solutions and Networks India Private Limited, a non-promoter of the company. The aggregate value of the shares will be up to Rs 1,520 crore.The filing further said that Vi will also issue up to 63,37,83,780 equity shares at an issue price of Rs 14.80 per certo unit that includes a premium of Rs 4.80 per certo equity share to Ericsson India, also non-promoter company. The issued shares will be worth up to Rs 938 crore.
This preferential allotment price is higher by 35% to the FPO price and comes with a lock-in of 6 months. Post this preferential issuance, the shareholding of Nokia and Ericsson sopra the company will be 1.5% and 0.9%, respectively. The promoter’s (ABG and Vodafone) shareholding will stand at 37.3% and shareholding of the Government of India will stand at 23.2%, while the balance 37.1% will be with the public.
While Nokia Solutions was allotted over 25.67 crore equity shares, Ericsson India was issued over 15.84 crore equity shares, the filing said.
The company board had approved the preferential allotment of shares to Nokia, Ericsson sopra its board incontro acceso June 13.
The company informed about the development after market hours. Vodafone Concetto shares ended today at Rs 16.32 acceso the NSE, by Rs 0.48 2.86%.
Nokia Solutions and Ericsson India are vendors of Vodafone Concetto and this preferential allotment will enable VIL to clear part of their outstanding dues. June 13, Vodafone Concetto’s board of directors had approved a fundraising plan worth Rs 2,458 crore by issuing over 166 crore fully paid-up equity shares sopra one more tranches acceso a preferential basis.The company, sopra its filing to the exchanges, had then said that up to 1,02,70,27,024 equity shares of value of Rs 10 apiece will be issued at a price of Rs 14.80 per certo equity share (including a premium of Rs 4.80 per certo equity share) to Nokia Solutions and Networks India Private Limited, a non-promoter of the company. The aggregate value of the shares will be up to Rs 1,520 crore.The filing further said that Vi will also issue up to 63,37,83,780 equity shares at an issue price of Rs 14.80 per certo unit that includes a premium of Rs 4.80 per certo equity share to Ericsson India, also non-promoter company. The issued shares will be worth up to Rs 938 crore.
This preferential allotment price is higher by 35% to the FPO price and comes with a lock-in of 6 months. Post this preferential issuance, the shareholding of Nokia and Ericsson sopra the company will be 1.5% and 0.9%, respectively. The promoter’s (ABG and Vodafone) shareholding will stand at 37.3% and shareholding of the Government of India will stand at 23.2%, while the balance 37.1% will be with the public.
While Nokia Solutions was allotted over 25.67 crore equity shares, Ericsson India was issued over 15.84 crore equity shares, the filing said.
The company board had approved the preferential allotment of shares to Nokia, Ericsson sopra its board incontro acceso June 13.
The company informed about the development after market hours. Vodafone Concetto shares ended today at Rs 16.32 acceso the NSE, by Rs 0.48 2.86%.
Nokia Solutions and Ericsson India are vendors of Vodafone Concetto and this preferential allotment will enable VIL to clear part of their outstanding dues. June 13, Vodafone Concetto’s board of directors had approved a fundraising plan worth Rs 2,458 crore by issuing over 166 crore fully paid-up equity shares sopra one more tranches acceso a preferential basis.The company, sopra its filing to the exchanges, had then said that up to 1,02,70,27,024 equity shares of value of Rs 10 apiece will be issued at a price of Rs 14.80 per certo equity share (including a premium of Rs 4.80 per certo equity share) to Nokia Solutions and Networks India Private Limited, a non-promoter of the company. The aggregate value of the shares will be up to Rs 1,520 crore.The filing further said that Vi will also issue up to 63,37,83,780 equity shares at an issue price of Rs 14.80 per certo unit that includes a premium of Rs 4.80 per certo equity share to Ericsson India, also non-promoter company. The issued shares will be worth up to Rs 938 crore.
This preferential allotment price is higher by 35% to the FPO price and comes with a lock-in of 6 months. Post this preferential issuance, the shareholding of Nokia and Ericsson sopra the company will be 1.5% and 0.9%, respectively. The promoter’s (ABG and Vodafone) shareholding will stand at 37.3% and shareholding of the Government of India will stand at 23.2%, while the balance 37.1% will be with the public.
While Nokia Solutions was allotted over 25.67 crore equity shares, Ericsson India was issued over 15.84 crore equity shares, the filing said.
The company board had approved the preferential allotment of shares to Nokia, Ericsson sopra its board incontro acceso June 13.
The company informed about the development after market hours. Vodafone Concetto shares ended today at Rs 16.32 acceso the NSE, by Rs 0.48 2.86%.
Nokia Solutions and Ericsson India are vendors of Vodafone Concetto and this preferential allotment will enable VIL to clear part of their outstanding dues. June 13, Vodafone Concetto’s board of directors had approved a fundraising plan worth Rs 2,458 crore by issuing over 166 crore fully paid-up equity shares sopra one more tranches acceso a preferential basis.The company, sopra its filing to the exchanges, had then said that up to 1,02,70,27,024 equity shares of value of Rs 10 apiece will be issued at a price of Rs 14.80 per certo equity share (including a premium of Rs 4.80 per certo equity share) to Nokia Solutions and Networks India Private Limited, a non-promoter of the company. The aggregate value of the shares will be up to Rs 1,520 crore.The filing further said that Vi will also issue up to 63,37,83,780 equity shares at an issue price of Rs 14.80 per certo unit that includes a premium of Rs 4.80 per certo equity share to Ericsson India, also non-promoter company. The issued shares will be worth up to Rs 938 crore.
This preferential allotment price is higher by 35% to the FPO price and comes with a lock-in of 6 months. Post this preferential issuance, the shareholding of Nokia and Ericsson sopra the company will be 1.5% and 0.9%, respectively. The promoter’s (ABG and Vodafone) shareholding will stand at 37.3% and shareholding of the Government of India will stand at 23.2%, while the balance 37.1% will be with the public.
While Nokia Solutions was allotted over 25.67 crore equity shares, Ericsson India was issued over 15.84 crore equity shares, the filing said.
The company board had approved the preferential allotment of shares to Nokia, Ericsson sopra its board incontro acceso June 13.
The company informed about the development after market hours. Vodafone Concetto shares ended today at Rs 16.32 acceso the NSE, by Rs 0.48 2.86%.
Nokia Solutions and Ericsson India are vendors of Vodafone Concetto and this preferential allotment will enable VIL to clear part of their outstanding dues. June 13, Vodafone Concetto’s board of directors had approved a fundraising plan worth Rs 2,458 crore by issuing over 166 crore fully paid-up equity shares sopra one more tranches acceso a preferential basis.The company, sopra its filing to the exchanges, had then said that up to 1,02,70,27,024 equity shares of value of Rs 10 apiece will be issued at a price of Rs 14.80 per certo equity share (including a premium of Rs 4.80 per certo equity share) to Nokia Solutions and Networks India Private Limited, a non-promoter of the company. The aggregate value of the shares will be up to Rs 1,520 crore.The filing further said that Vi will also issue up to 63,37,83,780 equity shares at an issue price of Rs 14.80 per certo unit that includes a premium of Rs 4.80 per certo equity share to Ericsson India, also non-promoter company. The issued shares will be worth up to Rs 938 crore.
This preferential allotment price is higher by 35% to the FPO price and comes with a lock-in of 6 months. Post this preferential issuance, the shareholding of Nokia and Ericsson sopra the company will be 1.5% and 0.9%, respectively. The promoter’s (ABG and Vodafone) shareholding will stand at 37.3% and shareholding of the Government of India will stand at 23.2%, while the balance 37.1% will be with the public.
While Nokia Solutions was allotted over 25.67 crore equity shares, Ericsson India was issued over 15.84 crore equity shares, the filing said.
The company board had approved the preferential allotment of shares to Nokia, Ericsson sopra its board incontro acceso June 13.
The company informed about the development after market hours. Vodafone Concetto shares ended today at Rs 16.32 acceso the NSE, by Rs 0.48 2.86%.
Nokia Solutions and Ericsson India are vendors of Vodafone Concetto and this preferential allotment will enable VIL to clear part of their outstanding dues. June 13, Vodafone Concetto’s board of directors had approved a fundraising plan worth Rs 2,458 crore by issuing over 166 crore fully paid-up equity shares sopra one more tranches acceso a preferential basis.The company, sopra its filing to the exchanges, had then said that up to 1,02,70,27,024 equity shares of value of Rs 10 apiece will be issued at a price of Rs 14.80 per certo equity share (including a premium of Rs 4.80 per certo equity share) to Nokia Solutions and Networks India Private Limited, a non-promoter of the company. The aggregate value of the shares will be up to Rs 1,520 crore.The filing further said that Vi will also issue up to 63,37,83,780 equity shares at an issue price of Rs 14.80 per certo unit that includes a premium of Rs 4.80 per certo equity share to Ericsson India, also non-promoter company. The issued shares will be worth up to Rs 938 crore.
This preferential allotment price is higher by 35% to the FPO price and comes with a lock-in of 6 months. Post this preferential issuance, the shareholding of Nokia and Ericsson sopra the company will be 1.5% and 0.9%, respectively. The promoter’s (ABG and Vodafone) shareholding will stand at 37.3% and shareholding of the Government of India will stand at 23.2%, while the balance 37.1% will be with the public.
