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Vodafone Idea to raise Rs 25,000 crore via rights issue

Updated : January 23, 2019 05:33 PM IST

The board of directors of Vodafone Idea Ltd on Wednesday approved Rs 25,000 crore fund-raising plan by way of rights issue to existing eligible equity shareholders, the company said in a regulatory filing.
The promoter shareholders have also said that in case the rights issue is under-subscribed, each of the promoter shareholders reserves the right to subscribe to part or whole of the unsubscribed portion, subject to applicable law.
Vodafone Idea to raise Rs 25,000 crore via rights issue

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