Vodafone Idea FPO shares list at 9% premium over issue price
Over 1,636 crore new equity shares of Vodafone Idea allotted to investors under the FPO were listed on the exchanges today.
Over 1,636 crore new equity shares of Vodafone Idea allotted to investors under the FPO were listed on the exchanges today.
The ₹18,000 crore FPO of Vi, the largest so far by an Indian company, was overall subscribed 6.36 times, led by QIBs and NIIs.
QIB quota gets maximum response, with category receiving bids for 1,423 cr shares against 360 cr on offer, thus subscribing 4.8 times
Vodafone Idea FPO opens tomorrow; the floor price at ₹10 apiece, while the cap price at ₹11 per share, with a minimum bid lot of 1,298 apiece
The beleaguered telecom operator plans to use ₹12,750 crore from the FPO to purchase equipment to expand its 4G and 5G network as well as existing capacities.
Vi shareholders have approved a ₹20,000-cr fundraising plan via a combination of equity and equity-linked instruments; telco aims to raise ₹45,000 cr
A fictitious and satirical take on the predicament of a troubled telecom operator
The board of Vi has approved an issuance of up to 139.5 crore equity shares at an issue price of ₹14.87 per equity share to Oriana Investments, an entity under the Aditya Birla Group.
The fundraising plan approved in EGM held on Tuesday; to help Vi invest in enhancing 4G and 5G services
Through a combination of equity and debt, the company plans to raise around ₹45,000 crore.