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2024-06-14 02:00:00| The Economic Times

The board of directors of VIL approved a preferential allotment of 1.66 billion equity shares at Rs 14.80 per share to Finlands Nokia and Swedens Ericsson, for a total of up to Rs 2,458 crore, the company said in a statement Thursday. Nokia will invest up to Rs 1,520 crore and Ericsson up to Rs 938 crore. The issue price is 35% higher than that in the April follow-on offer (FPO) of Rs 11 a share and comes with a lock-in period of six months.


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