Vodafone Idea Limited's (IDEA/ 532822) Rights Issue closed for subscription yesterday i.e. 24 April 2019. There are some incorrect media reports which mention that the Rights Issue is undersubscribed based only on ASBA application data available on the stock exchanges and ignoring the Non-ASBA applications.
The Company would like to clarify that based on preliminary information received the total applications from ASBA and Non-ASBA have exceeded the total issue amount of INR 25,000 crore.
The data pertaining to the applications is preliminary and is subject to verification and clearing of
cheques, as applicable and finalization of the basis of allotment.
Shares of Vodafone Idea Ltd was last trading in BSE at Rs.17.2 as compared to the previous close of Rs. 17.05. The total number of shares traded during the day was 3486256 in over 2587 trades.
The stock hit an intraday high of Rs. 17.7 and intraday low of 17.05. The net turnover during the day was Rs. 60147345.