Vodafone Idea board will consider fund raising proposal on February 27

New Delhi: Vodafone Idea said that a meeting of the board of directors is scheduled to be held on February 27 to consider and approve the proposal related to raising funds. Shares of Vodafone Idea rose by more than 6 percent on Thursday. The share closed at Rs 16.28 with a gain of 6.27 per cent. The meeting of the Board of Directors is to consider and evaluate any and all proposals to raise funds in one or more tranches through rights issue, further public offer, private placement including preferential allotment, qualified institution placement or any other permissible mode. /or a combination thereof, as may be deemed appropriate, through the issue of equity shares or through the issue of any instruments or securities, including securities convertible into equity shares, global depositary receipts, American depository receipts or foreign exchange Includes bonds including convertible bonds. Convertible debentures, warrants and/or warrants also include non-convertible debentures, which may or may not be listed, the company said. The trading window for transactions in the company’s securities will be closed from Friday.