The scrip traded 11.40 per cent greater at Rs 206.90 at round 12.22 pm (IST), whereas the benchmark BSE Sensex traded 0.03 per cent down at 43,586 at across the identical time.
The debt-ridden Vodafone Idea has obtained about Rs 3,760 crore money for its 11.15 per cent holding in Indus, in accordance with a regulatory submitting. Shares of Vodafone Idea had been up 3.13 per cent at Rs 9.56.
As promoters of the brand new firm, Vodafone Group will maintain 28.12 per cent stake (within the merged entity) whereas the holding of Bharti Airtel Group can be about 36.7 per cent.
“…the Board has allotted 757,821,804 equity shares of Rs 10 each to the Vodafone group and 87,506,900 equity shares of Rs 10 each to PS Asia Holding Investments (Mauritius) Limited (Providence) aggregating to 28.12 per cent and 3.25 per cent respectively in the post-issue share capital of the company,” Bharti Infratel mentioned in a regulatory submitting on Thursday night.
It additional mentioned the merger of Indus and Infratel “has been completed”, and added that Vodafone Idea has obtained a money consideration of Rs 3,760.1 crore for its 11.15 per cent shareholding in Indus.