In a stock regulatory filing, the company said it will allot 102.7 crore shares (1.48 per cent) worth Rs 1,520 crore to Nokia Solutions & Networks India Pvt Ltd.

The remaining over 63.7 crore shares (0.91 per cent) totaling Rs 938 crore will be given to Ericsson India Pvt Ltd, a non-promoter of the company.

The board also approved convening an extraordinary general meeting (EGM) on July 10.

Last month, the telecom operator had announced raising Rs 2,075 crore from Oriana Investments (Aditya Birla Group unit) through a preferential share issue.

After the allotment of equity shares, the paid-up equity share capital of Vodafone Idea increased from Rs 66,483.45 crore to Rs 67,878.88 crore, the filing said.

The company had raised about Rs 18,000 crore through a follow-on public offer in April.

Vodafone Idea reported a net loss of Rs 7,674 crore in the January-March quarter, compared to Rs 6,418.9 crore in the same quarter of 2022-23.

The company's shares closed at Rs 16.08 on Thursday.