Vodafone Promoters Further Invested Rs 17920 Crore

Promoters of Vodafone Idea contributed Rs 17,920 crore to its Rs 25,000 crore rights issue compared to their commitment of Rs 18,250 crore following over-subscription of the scheme, the company said. With this contribution, the promoters’ stake in the country’s largest telecom operator increased marginally to 71.57 per cent from 71.33 per cent. “The Company witnessed participation from both domestic and foreign public shareholders. The issue was oversubscribed approximately 1.08 times."