India: Vodafone Idea's $3.6b rights issue to cause massive dilution

India: Vodafone Idea's $3.6b rights issue to cause massive dilution

REUTERS/Babu/Files

Vodafone Idea Ltd, India’s largest telecommunications company by subscribers, is selling $3.6 billion worth of shares in a rights issue at a discount of about 60 percent, which will more than triple its outstanding shares.

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