Vodafone Idea approves terms for Rs. 25,000 Crore worth Rights Issue at 60 percent discount

Posted on:21 Mar 2019 11:35:34
Vodafone Idea approves terms for Rs. 25,000 Crore worth Rights Issue at 60 percent discount
21 March 2019 Current Affairs:

India's largest telecom firm Vodafone Idea 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%.
Vodafone Idea stock fell as much as 7.6 per cent to Rs. 29.60, its steepest intraday fall in almost two months.

India's largest telecom firm Vodafone Idea 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%.
Vodafone Idea stock fell as much as 7.6 per cent to Rs. 29.60, its steepest intraday fall in almost two months.


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