IFLR1000

Vodafone Idea Rs250 billion rights issue

15/5/2019
Rights issue
Select tab

Re 250 billion

$ 3.559 billion

Completed

15/5/2019

Overview:

  • Mobile telecommunications operator Vodafone Idea has issued 20 billion fully paid up equity shares by way of a rights issue for Rs12.50 per share.
  • The Rs250 billion ($3.6 billion) rights issue represents the largest ever by an Indian company.

Shah Shameer Ahmed - Researcher

Jurisdiction:

India

Deal type:

Rights issue

Practice area:

Capital markets : Equity

Industry sector:

Technology and telecommunications

Firms:
Cyril Amarchand Mangaldas

Party: Kotak Mahindra (Joint lead managers)

Party: DSP Merrill Lynch (Joint lead managers)

Party: Morgan Stanley (Joint lead managers)

Party: HDFC Bank (Joint lead managers)

Lawyers: Abhinav Kumar, Yash Ashar

S&R Associates

Party: Vodafone Idea (Issuer)

Lawyers: Jabarati Chandra, Sandip Bhagat

Related deals