Vodafone Idea Rs 25,000-Crore Rights Issue Opens, Shares Rise

Vodafone Idea shares rose about 1.5 per cent on Wednesday, after the opening of a rights issue by the private sector telecom company. Vodafone Idea's board had last month approved the rights issue to raise up to Rs 25,000 crore. The Vodafone Idea rights issue comprises 2,000 crore shares at an issue price of Rs 12.50 per share. As part of the Vodafone Idea rights issue, eligible shareholders will be entitled to 87 equity shares for e...