Vodafone Idea to raise Rs 25,000-cr to fend off Mukesh Ambani's Reliance Jio
The move may rile Asia's richest man Mukesh Ambani, who coined Reliance Jio that provides 4G internet at a price that can make most of the carriers operating overseas bankrupt.
Vodafone Group Plc will contribute as much as 11,000 crore rupees, while India’s Aditya Birla Group will pump in as much as Rs 7250 crore. Photo source: Reuters