Vodafone Idea’s board has approved the offer price for its follow-on public offering (FPO) at ₹11 per equity share. This move aims to raise ₹18,000 crore for the debt-laden telecom operator. The anchor investor offer price has also been finalized at ₹11 per share. With the FPO oversubscribed nearly seven times, Vodafone Idea’s largest-ever fundraising endeavor is set to bolster its competitive stance in the Indian telecom market, positioning it against rivals Reliance Jio and Bharti Airtel. The prospectus has been filed with regulatory authorities and stock exchanges.
Vodafone Idea Sets Offer Price at ₹11 per Share, Raises ₹18,000 Crore in FPO
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