Vodafone-Idea fixes rights issue price

New Delhi: The country’s largest telecom operator Vodafone Idea’s board on Wednesday approved raising of nearly Rs 25,000 crore from its shareholders through rights issue by offering fresh equity at a steep 61 per cent discount over prevailing market rate. The issue of 2,000 crore new shares by Vodafone Idea at Rs 12.50 apiece will more than triple its outstanding shares to 2,873.53 crore. The issue, will run between April 10 and April 24.