Foreign investors likely to pump in ₹18,000 crore in Vodafone Idea rights issue

NEW DELHI: Foreign investors are likely to invest around ₹18,000 crore in the rights issue of Vodafone Idea, which includes a major chunk from promoter Vodafone Group, sources said.

The company’s ₹25,000 crore rights issue will open on 10 April.

“Vodafone Idea had approached government for FDI approval. The proposal has received clearance from Cabinet. It is expected that ₹18,000 crore during the rights issue will come from foreign sources,” an official said.