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Vodafone Idea likely to get Rs 18,000 crore investment from foreign investors

08 Apr 2019 Evaluate

Vodafone Idea is likely to get an investment of Rs 18,000 crore from foreign investors, in the form of rights issue of the company. The company to open its rights issue on April 10, 2019. Earlier, the company had approached government for FDI approval. The proposal has received clearance from Cabinet.

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.

Peers
Company Name CMP
Bharti Airtel 1837.00
Vodafone Idea 14.29
Indus Towers 375.55
Tata Communications 1798.65
Railtel Corp. India 252.55
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