₹25,000 crore rights issue not enough for Vodafone Idea: Experts

New Delhi: As telecom major Vodafone Idea (VIL) opened its rights issue on Wednesday for the next two weeks with an aim to raise ₹25,000 crore, sector experts say the fund would not be enough for the company given its high debt and the highly-competitive market.

In the meantime, Bharti Airtel too has announced that on April 24 its committee for fund infusion would decide on the shareholders who would be able to participate in its rights issue for around ₹25,000 crore.

Analysts say Airtel is in a better financial position than Vodafone Idea and unlike the newly-merged entity, the amount raised from the rights issue by Sunil Bharti Mittal-led Airtel would be sufficient for the time being.