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Aditya Birla Group Stake In Vodafone Idea Rises To 27.18% After Rights Issue

The stake of the Aditya Birla group has risen to 27.18 percent in Vodafone Idea following the recently-concluded rights issue of the telecom operator.

According to a regulatory filing by Grasim Industries, the holding of the various Group entities rose from 26.04 percent (prior to the rights issue) to 27.18 percent.

The entities include Grasim Industries, Birla TMT Holdings, Hindalco Industries, Pilani Investments and Industries, IGH Holdings, Oriana Investments, Elaine Investments, and Aditya Birla Group Chairman Kumar Mangalam Birla.

Vodafone Idea had recently concluded over Rs 25,000 crore rights issue, that was oversubscribed nearly 1.08 times.―Money Control

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