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Vodafone Idea Ltd on Monday said its Capital Raising Committee has approved the allotment of 430 crore warrants on a preferential basis to Suryaja Investments Pte. Ltd., an Aditya Birla Group entity and member of the promoter group.
The warrants have been allotted at an issue price of ₹11 per warrant against receipt of 25% of the issue price, or ₹2.75 per warrant, aggregating to ₹1,182.50 crore.
The allotment follows approvals granted by the company's board on May 16, 2026, and shareholders through a special resolution passed at an extraordinary general meeting held on June 11, 2026.
According to the company, each warrant is convertible into or exchangeable for one fully paid-up equity share of face value ₹10 at a premium of ₹ 1 per share. The conversion can be exercised in one or more tranches within 18 months from the date of allotment, subject to payment of the remaining 75% of the issue price.
Vodafone Idea said there is no increase in its paid-up equity share capital at this stage as the allotment pertains only to warrants.
Q4FY26 results
The telecom operator had reported a net profit of ₹51,970 crore in the fourth quarter compared with a loss of ₹5,286 crore in the previous quarter, driven by an exceptional gain.
The company had posted an exceptional gain of ₹51,976 crore in Q4, compared with an exceptional loss of ₹5,290 crore in the previous quarter. It added that the results included a one-time accounting gain arising from AGR re-assessment and recognition of the present value of future AGR payments.
Revenue for the quarter rose 0.1% quarter-on-quarter to ₹11,332 crore from ₹11,323 crore, marking the highest average daily revenue in the last six years. EBITDA increased 1.5% to ₹4,889 crore from ₹4,817 crore, while EBITDA margin expanded to 43.14% from 42.54% quarter-on-quarter.
Shares of Vodafone Idea Ltd ended 0.87% lower at ₹14.79 on the NSE on Monday.
Also Read: Vodafone Idea in talks to raise ₹35,000 crore, SBI may lead lenders: Sources
The warrants have been allotted at an issue price of ₹11 per warrant against receipt of 25% of the issue price, or ₹2.75 per warrant, aggregating to ₹1,182.50 crore.
The allotment follows approvals granted by the company's board on May 16, 2026, and shareholders through a special resolution passed at an extraordinary general meeting held on June 11, 2026.
According to the company, each warrant is convertible into or exchangeable for one fully paid-up equity share of face value ₹10 at a premium of ₹ 1 per share. The conversion can be exercised in one or more tranches within 18 months from the date of allotment, subject to payment of the remaining 75% of the issue price.
Vodafone Idea said there is no increase in its paid-up equity share capital at this stage as the allotment pertains only to warrants.
Q4FY26 results
The telecom operator had reported a net profit of ₹51,970 crore in the fourth quarter compared with a loss of ₹5,286 crore in the previous quarter, driven by an exceptional gain.
The company had posted an exceptional gain of ₹51,976 crore in Q4, compared with an exceptional loss of ₹5,290 crore in the previous quarter. It added that the results included a one-time accounting gain arising from AGR re-assessment and recognition of the present value of future AGR payments.
Revenue for the quarter rose 0.1% quarter-on-quarter to ₹11,332 crore from ₹11,323 crore, marking the highest average daily revenue in the last six years. EBITDA increased 1.5% to ₹4,889 crore from ₹4,817 crore, while EBITDA margin expanded to 43.14% from 42.54% quarter-on-quarter.
Shares of Vodafone Idea Ltd ended 0.87% lower at ₹14.79 on the NSE on Monday.
Also Read: Vodafone Idea in talks to raise ₹35,000 crore, SBI may lead lenders: Sources
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