The proposal was approved by over 92 per cent shareholders in the annual general meeting of the company held on Tuesday.
The proposal to increase the share capital follows Rs 25,000 crore rights issue which led to the issue of additional shares by the company.
The shareholders also approved Vodafone Idea's proposed transactions with Bharti Infratel and Indus Towers about company's plan to monetise 11.15 per cent stake in Indus Tower.
Indus Tower is in the process of merging its business with Bharti Infratel.
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