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Vodafone Idea get approval to raise 50.000 crore

Date: 29 August 2019 Tags: Services
  • Telecom operator Vodafone Idea has received shareholders approval to raise its authorised capital to Rs. 50,000 crore.
  • The increased authorised share capital provides headroom for the company to infuse additional funds.
  • The proposal to increase the share capital follows  Rs. 25,000 crore rights issue which led to the issue of additional shares by the company.