Vodafone Idea plans ₹25,000 cr rights issue at 60% discount

India's largest telecom firm Vodafone Idea on Wednesday announced its board has approved ₹25,000 crore rights issue at a discount of around 60% to the current share prices. Vodafone Group and the Aditya Birla Group would contribute ₹11,000 crore and ₹7,250 crore, respectively. The issue will increase the number of Vodafone Idea shares by 229%.