Vodafone idea approved raising of up to 25,000 crores rupees through a rights issue, said the company on Wednesday. The issue price is set at Rs 12.50 per equity share, a Rs 2.50 premium over the face value of Rs 10.
The share was quoting 5.31 percent lower at Rs 30.30 around 12:30 pm. The issue will run between April 10 to April 24. The record date for the purpose of determining the shareholders who will be eligible to apply for the issue is April 2.
In ETTelecom’s India Mobile Conclave 2019, Vodafone Idea CTO Vishant Vora said, “We are making sure all our investments are future proof. Our intent is to deploy massive MIMO at a big scale and make extensive use of HetNet.”