Vodafone Idea raises US$3.5 billion in country’s largest rights issue

0
1684
Vodafone raised largest rights issue
LinkedIn
Facebook
Twitter
Whatsapp
Telegram
Copy link

Vodafone Idea raised ₹250 billion (US$3.5 billion) in the largest ever rights issue in the country. This is the first capital raising by Vodafone Idea after the merger of Vodafone India and Idea Cellular in August 2018.

“Given the recent merger, the disclosures in the offer document were extensive and at par with an initial public offering,” said S&R Associates partner Jabarati Chandra, who advised Vodafone.

Vodafone offered around 20 billion equity shares at a price of ₹12.50 per equity share. The issue was covered nearly 1.08 times. Vodafone Idea had 32% of the revenue market share as of December 2018 and 387 million subscribers.

You must be a subscribersubscribersubscribersubscriber to read this content, please subscribesubscribesubscribesubscribe today.

For group subscribers, please click here to access.
Interested in group subscription? Please contact us.

你需要登录去解锁本文内容。欢迎注册账号。如果想阅读月刊所有文章,欢迎成为我们的订阅会员成为我们的订阅会员

已有集团订阅,可点击此处继续浏览。
如对集团订阅感兴趣,请联络我们

LinkedIn
Facebook
Twitter
Whatsapp
Telegram
Copy link