The issue comprises fresh issue of equity shares worth Rs 400 crore and an offer for sale of up to 1.33 crore equity shares by a promoter and existing shareholders.
Company's stock rises after it announces that its financial services business will be demerged from Reliance Industries.
These segments are BFSI, Healthcare, ISVs, Media and Entertainment, and Retail.
Airtel has removed the data usage cap on all existing plans.
The valuation of the company was estimated to be up to $3 billion.
According to a BSE filing, the parties to the proposed transaction, for which a legally binding memorandum of understanding had previously been signed, had "executed a Share Purchase Agreement and finalized the transaction."
Acquisition done for Rs 18.45 crore.
Vedanta is the parent company of Hindustan Zinc.
Floor price for the offer-for-sale set at Rs 2,450 per share.
Nifty Bank, Financial Services, Oil & Gas, and Media indices are each trading with about 1% gains.