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Vodafone Idea plans ₹25,000 cr rights issue at 60% discount
short by Shruti Maria Mahendar / on Wednesday, 20 March, 2019
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%.
read more at Reuters