FY20 may be the biggest year for rights issues since liberalisation

Total mop-up close to breaching 2007-08 high as telecom firms load up on capital

Twin rights issues of around Rs 25,000 crore each by telecom majors Vodafone Idea and Bharti Airtel may well make the current financial year the biggest one for such issues, in nearly three decades. While the one by Vodafone has concluded, Airtel is scheduled to close the same on May 17.

The total amount of around Rs 50,000 crore exceeds that mopped up in 2007-08 (FY08), which currently holds the record, by a huge margin. There were 29 such issues that raised a total of Rs 26,229 crore in FY08, shows data going back to FY1991, from market tracker PRIME