Vodafone Idea Limited announced that it will issue either 427,656,421 equity shares, face value of INR 10 each at a price of INR 10.20 per equity share, including premium of INR 0.20 per equity share or up to 427,656,421 convertible warrants at a price of INR 10.20 per convertible warrant on June 22, 2022. The transaction will include participation from returning investor Euro Pacific Securities Ltd. Each warrant is convertible into one equity share of the company, exercisable within a period of eighteen months from the date of allotment, and 100% of the issue price will be paid upfront at the time of subscription of warrants. The company will issue securities on preferential basis. The transaction has been approved by the board of directors of the company. The transaction is subject to seek approval of shareholders on July 15, 2022.