Key Points
Vodafone Idea Limited (VIL) held an Extraordinary General Meeting (EGM) on Tuesday, April 2, 2024, to seek shareholder approval for a significant fundraising, the company announced in an exchange filing, on April 3..
The meeting conducted virtually, aimed to gain authorization for issuing securities worth up to 20,000 crore (approximately USD 2.4 billion)..
The company did not disclose the voting results at the time of the press release..
"The results of the voting will be intimated to you separately," said, Executive Vice President and Company Secretary stated in an official communication, underscoring the importance of the fundraising effort for Vodafone Idea's future operations..
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