Vi to consider issuing shares to vendors on preferential basis at board meeting on June 13, 2024

Vodafone Idea Limited’s (Vi) board will meet on June 13, 2024, to decide on a proposal to issue equity shares or convertible securities on a preferential basis to vendors.

As per the regulatory filing, any such potential issue of shares to vendors may require approval from shareholders of the company.

This move comes just over a year after Vi had issued optionally convertible debentures (OCDs) worth Rs 16 billion to ATC Telecom Infrastructure Private Limited in 2023.