TIL Desk/Business/New Delhi/ The Rs 25,000-crore rights issue of Vodafone Idea has been subscribed 1.07 times, according to data accessed by merchant bankers involved in the process.
Through the rights issue, which ran between April 10 and April 24, the country’s largest telecom operator offered 2,000 crore new shares at Rs 12.50 apiece. As per data published by NSE, the rights issue has received bids for 1,109 crore shares.
“The Vodafone Idea rights has been subscribed 1.07 times as per data available from registrar to the rights issue last night. This can go up. Final data is expected to be published by the registrar today (Thursday),” one of the bankers involved in the rights issue process told.
