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Vodafone Idea Launches Rs 18,000 Crore FPO

12 Apr, 2024

Vodafone Idea is set to raise funds through a follow-on public offer (FPO), with a target of Rs 18,000 crore. The FPO, opening on April 18 and closing on April 22, offers shares at a floor price of Rs 10 each, with a cap of Rs 11. Investors can bid for a minimum lot of 1,298 equity shares, with a minimum application amount of Rs 14,278 for one lot. The FPO, managed by Jefferies, SBI Caps, and Axis Capital, marks a significant move for the debt-laden telecom giant.

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