Advertisements for Vodafone India Ltd. and Idea Cellular Ltd. are displayed on a street in Mumbai, India. (Photographer: Dhiraj Singh/Bloomberg)

Axiata Said To ‘Renounce’ Share Entitlement In Vodafone Idea Rights Issue

Malaysia-based Axiata Group has "renounced" its right to entitlement of Vodafone Idea Ltd. shares under the Rs 25,000-crore rights issue, according to sources aware of the development.