Cabinet okays Vodafone Idea's up to Rs 25,000 cr rights issue
The promoter shareholders Vodafone Group and Aditya Birla Group have told the board that they intend to contribute up to Rs 11,000 crore and up to Rs 7,250 crore, respectively, as part of such rights issue.
Last month, the board of directors of Vodafone Idea Ltd had approved Rs 25,000 crore fundraising plan by way of rights issue to the existing eligible equity shareholders. Image source: Reuters