Vodafone Idea Limited announced a private placement of up to 1,395,427,034 common shares at the price of INR 14.87 per share for gross proceeds of INR 20,749,999,995.58 on April 6, 2024. The transaction will include participation from returning investor Oriana Investments Pte. Ltd., Singapore.

The securities will be issued on preferential basis. The transaction has been approved by the board of directors of the company.