Vodafone Idea’s promoters have marginally increased stake in the company to 71.57% from 71.33%. The company’s promoters have contributed Rs 17,920 crore to its Rs 25,000 crore Rights Issue compared to their commitment of Rs 18,250 crore. The right issue has oversubscribed around 1.08 times and the public participation was around 1.2 times.
Earlier, the board of directors of the company had cleared the Rs 25,000-crore rights issue at a price of Rs 12.50 per equity share.
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.
