Vodafone Idea’s board Wednesday priced its rights issue at Rs12.50 a share, or at a 59% discount to current market price, as the telco plans to raise as much as Rs 25,000 crore to bolster its countr..
The Sunil Bharti Mittal-led telecom services firm had earlier said it is parking its stake in Nettle Infrastructure, a wholly owned subsidiary of the company, as it plans to monetise stake in Bharti I..
The NDCP approved by the government last year aims to create 4 million jobs and draw $100 billion in investments in the telecom sector by 2022.
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