MUMBAI (April 25): Vodafone Idea Ltd’s rights issue oversubscribed with ~270b rupees of bids being placed for 250b rupees of shares to be issued, Bloomberg Quint reports citing people it didn’t identify.
* Axiata Investments, which held a stake of ~8.15% in Vodafone Idea, didn’t exercise its right; Axiata’s portion renounced in favor of 20 foreign investors: report
* Founders subscribed 182.5b rupees of rights shares, other investors committed 87b rupees for issue