With this contribution, the promoters’ stake in the country’s largest telecom operator increased marginally to 71.57 per cent from 71.33 per cent.

Both Vodafone and Idea Cellular had been partners of IBM prior to their merger and now the deal has been renewed for five years with the merged entity.

According to a BloombergQuint report, the issue received bids worth ₹26,950 crore compared with ₹25,000 crore on offer.

“Wireline subscribers further declined from 21.79 million at the end of January to 21.72 million at the end of February,” the report said. Net decline in the wireline subscriber base was 0.07 million with a monthly decline rate of 0.36 per cent.

The milestone was reached on March 2, they added.

Queries sent to Jio on the matter remained unanswered.

Vodafone Idea hit a new low of Rs 16.40, down 3 per cent, on the BSE on Wednesday, falling 10 per cent in past three trading days, after the stock turned ex-date for rights issue on March 29.

At 10:33 AM, the stock had erased its early morning gain and was trading 6 per cent higher at Rs 18.50 on the BSE. It touched an intra-day low of Rs 17.85, and is just 4.4 per cent away from its record low price of Rs 17.06 (adjusted to rights issue) touched on Thursday, March 28.

Even the average download speed is very divergent in the two sets of methods adopted by the regulator.

The deal is the second major fundraising by an Indian telco this year after Bharti Airtel Ltd announced a similar plan to reduce debt and fund operations in a market blighted by steep price competition.