Big fund houses chip in as Airtel's rights issue oversubscribed 1.44x - Business News: Latest News & Videos about market and economy | Trendmergers

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Big fund houses chip in as Airtel's rights issue oversubscribed 1.44x

Subscribers to Airtel's rights issue - which opened on October 5 - need to pay 25% on application and the rest in two additional calls as may be decided by Airtel's board, though within 36 months. Airtel shareholders will receive one share for every 14 held in the telco at ₹535 a unit, implying a 7% dilution.

from Industry-Economic Times
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