Vodafone Idea FPO: VI Raises Rs 5,400 Crore from Anchor Investors Ahead of FPO
Zee Business Video Team | Updated: April 17, 2024 07:09 PM IST
Vodafone Idea raised Rs 5,400 crore from 74 anchor investors including GQG Partners, Fidelity, and Motilal Oswal. This comes ahead of India's largest follow-on public offering (FPO) by Vodafone Idea, aiming to raise Rs 18,000 crore. Funds will be used for network expansion (4G and 5G) and spectrum payment deferral.
