Omega Telecom Injects Fresh Capital: Acquires 1.08 Billion Shares in Vodafone Idea

Vodafone Idea has completed a significant preferential share allotment, with Omega Telecom Holdings acquiring 1.08 billion shares at ₹11.28 per share, amounting to ₹1,218 crore. This strategic investment is part of Vi's larger fundraising initiative, which includes an additional 608.6 million shares allocated to Usha Martin Telematics. The combined capital infusion of ₹1,910 crore will primarily address the telecom operator's dues to Indus Towers and support its upcoming 5G network rollout plans. This move strengthens Vi's financial position as it prepares for network expansion.

Source: BSE Filing