Vodafone Idea Promoters Earmark Shares to Settle Legacy Liabilities
1 day agoBusiness
45LENS
1 SourcesMumbai, India
TBNthebalanced.news
Vodafone Idea Promoters Earmark Shares to Settle Legacy Liabilities

Vodafone Idea's promoters will settle legacy merger liabilities totaling 3,529 crore by earmarking 3.28 billion equity shares. This follows an amended agreement to secure 5,836 crore, with a portion paid in cash and the remainder through the sale of these shares over five years. The promoters will retain ownership but cannot sell or transfer the shares except as agreed. The earmarked shares represent 3.03% of Vi's total equity.

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