CURRENT AFFAIRS

2019

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Vodafone Idea has approved Rs.25, 000 crore rights issue at how much percentage of discount?
A
60 %
B
42 %
C
55 %
D
65 %
Explanation: 

Detailed explanation-1: -Rights are traded in the market with a unique ISIN number on the exchanges. The basis for pricing the right is the value of the right, which is Rs. 26.67 per share. As a shareholder, you have the right to either subscribe to the shares or even sell the rights in the market under their unique ISIN.

Detailed explanation-2: -On Friday, the government agreed to convert Vi’s ₹16,133.18 crore accrued interest on deferred adjusted gross revenue (AGR) dues into equity at ₹10 a share. The move came after it received an assurance from Vi’s promoters that they are committed to the company and would bring in the necessary funds.

Detailed explanation-3: -Vodafone Idea Loses 3.5 Mn Subscribers, Jio Gains 1.41 Mn In Oct: TRAI. Vodafone Idea’s losing streak continued for the 16th consecutive month as the telecom operator continued to lose its subscribers.

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