Vi clears allotment of 3rd tranche of equity shares worth Rs 614.5 crore to Nokia, Ericsson

This follows Vi announcing last month its plans to raise up to Rs 2,458 crore from the two vendors via a preferential issue for partly clearing its dues in the run-up to expansion of its 4G networks and rollout of 5G services in priority markets. Nokia and Ericsson will participate for up to Rs 1,520 crore and Rs 938 crore respectively in the preferential issue.