Thursday, April 25, 2019

Vodafone rights issue fully subscribed

Vodafone Idea’s Rs 25,000-crore rights offering has garnered full subscription according to sources. 

Wednesday was the last day to apply for the rights offering, which had opened for subscription on April 10. In terms of amount mobilized, the Vodafone Idea rights offering will be among the biggest equity offerings in the Indian markets. 

The rights issue has been priced at Rs 12.5 per share, a discount of 27 per cent over current price of  Vodafone stock. 

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