Vodafone Idea Limited, also known as Vi, is an Indian mobile network operator with its headquarters in Mumbai and Gandhinagar. The company provides a comprehensive range of services including 2G, 3G, 4G, LTE Advanced, VoLTE, and VoWiFi across India.
Recently, the capital raising committee of Vodafone Idea's board approved the allotment of equity shares to an entity from the Aditya Birla Group (ABG). This move comes after ABG infused Rs 2,075 crore into the telecom company through a preferential issue, aimed at bolstering Vi’s financial position.
The Executive Committee at Vodafone Idea includes Chief Executive Margherita Della Valle and Chief Financial Officer Luka Mucic. The committee is supported by senior executives responsible for global commercial operations, human resources, technology, external affairs, and legal matters, alongside the CEOs of the company's largest operational sectors.
On the stock market, Vodafone Idea is showing a positive trend, trading 4.11% higher at Rs 16.73 compared to its last closing price. The stock has fluctuated within the range of Rs 16.05 to Rs 16.85 recently, reflecting investor confidence following the capital infusion from ABG.
This financial maneuver is expected to provide Vodafone Idea with the necessary capital to strengthen its operations and continue offering extensive and reliable mobile network services across India.
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