Vodafone Idea Ltd said its board has allotted 427.7 mln shares to Euro Pacific Securities Ltd, a Vodafone Group entity, following the exercise of an option related to warrant conversion, via an exchange filing.
When the warrants were subscribed for in July, the warrant holder paid ₹10.20 per share, for a total of 4.36 billion rupees.
Following the allocation, the Vodafone Idea's paid-up share capital, which consists of 48.7 billion equity shares, is 486.8 billion rupees.
The shares of the company were flat at ₹7.70 on NSE, at 09:30 IST.
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