Vodafone Idea has announced the right issue where Vodafone will participate up to Rs 11,000 crore and Aditya Birla Group up to Rs 7,250 crore. It is offering 2,000 crore shares at a price of Rs 12.50 share that aggregates to 25,000 crores of the rights issue. If we go by definition, the right issue is regarded as an invitation from the company to buy an additional number of shares at a discounted price. According to this, you and other shareholders will have the right to buy these shares, but there is no obligation.

Vodafone Idea has become the country’s largest telecom company and staying for a longer time with the company might be beneficial for you can other shareholders. Moreover, it is attractively priced so it seems a good opportunity for those who can stay in the telecom sector for the long.