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Vodafone Idea share price gains 4.5%: To consider raising funds on 9 December | Stock Market News
Source: Live Mint
Stock Market Today: Vodafone Idea share price saw sharp gains of 4.5% in the morning trades on Thursday. The board meeting is scheduled for 9 December to consider raising funds
The Vodafone Idea share price opened at ₹8.79 on the BSE on Thursday, 4.5% higher than the previous close of ₹8.41 on Wednesday.
The Vodafone Idea share price has been rebounding from its 52 week or 1 year lows of ₹6.60 seen on 22 November.
Fund raising plans
Vodafone idea in its release on the exchanges on Wednesday, post market hours, said that that a meeting of the Board of Directors of the Company is scheduled to be held on Monday, 9 December 2024, to consider proposal for raising of funds not exceeding Rs. 2,000 crore, by way of issuance of equity shares and / or convertible securities on a preferential basis to one or more entities belonging to Vodafone Group (one of the Promoters of the Company
The trading window for dealing in securities of the Company thereby is to be closed from Thursday, 5 December 2024 till Wednesday, 11 December 2024 (both days inclusive).
To Sell 3.0% stake in Indus Tower
In another development Vodafone Idea is also selling its 3.0 stake in Indus Towers.
