Vodafone Idea is going to raise funds aggregating up to Rs 25,000 crore by way of a rights issue to the eligible shareholders of the Company at equity shares of face value of Rs 10 each and issue price of Rs 12.50 per equity share (including a premium of Rs 2.50 per equity share). The issue will open on April 10, 2019 and closes on April 24, 2019. The Board of Directors of the Company at its meeting held on March 20, 2019 has approved the same.
Vodafone Idea is an Aditya Birla Group and Vodafone Group partnership. It is developing world-class infrastructure to introduce newer and smarter technologies, making both retail and enterprise customers future ready with innovative offerings conveniently accessible through an ecosystem of digital channels as well as extensive on-ground presence.
