Vodafone-Idea Rights Issue oversubscribed
  • WebDesk BTVI
  • Apr 25 2019

Raj Balakrishna from Bank of America Merrill Lynch gives insight on Vodafone-Idea rights issue being oversubscribed. He said further details will be disclosed once the process is fully complete. Citing that there has been a mix of institutional and retail investors, he said three factors — consolidation of telecom sector, the idea of reaping results of Voda-Idea integration, and discount in the rights offerings — attracted investors.