Vodafone Idea approves offer price of Rs 11/equity share for Rs 18,000 crore FPO

This 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.

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.

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(With PTI inputs)