Vodafone Idea approves offer price of Rs 11/equity share for Rs 18,000 crore FPOThis comes after the debt-saddled telecom operator Vodafone Idea Ltd raised Rs 18,000 crore in India's largest ever follow-on offering as the issue got subscribed nearly seven times after institutional investors poured in money, stock exchange data showed.
Last Updated IST
Vodafone Idea logo.
Credit: Reuters Photo
Vodafone Idea on Tuesday approved offer price of Rs 11 per equity share for Rs 18,000-crore FPO, as per the Company filing.
This comes after the debt-saddled telecom operator Vodafone Idea Ltd raised Rs 18,000 crore in India's largest ever follow-on offering (FPO) as the issue got subscribed nearly seven times after institutional investors poured in money, stock exchange data showed.
More to follow...