Mon, May 27, 2024
Vodafone Idea that had a Rs 18,000 crore Follow-on public offer (FPO) also had a 30-day anchor lock-in period, which is likely to end today. The telecom giant's FPO opened with a 7.27 per cent premium on NSE and nine per cent on BSE.
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Thu, Apr 25, 2024
Vodafone Idea FPO: The FPO, which ran between April 18 and April 22, was subscribed nearly seven times.
Tue, Apr 23, 2024
Vodafone Idea FPO, Vodafone Idea share price: As per reports, if the price remains supportive, the stock may enter the index. The supportive price of the stock is around Rs 12.
Vodafone Idea FPO: The telecom company's follow-on public offer (FPO) was subscribed 6.99 times as of 5:27 pm on Monday (April 22, 2024).
In a letter to exchanges on Monday, Vodafone Idea wrote: "We wish to inform you that the Board, at its meeting held today i.e. 22 April 2024 has approved and adopted the prospectus dated 22 April 2024 (the “Prospectus”), in connection with the Offer." Vodafone Idea's FPO closed on April 22.
Thu, Apr 18, 2024
CEO of Vodafone Idea, Akshay Mundra said - There has been a significant reduction in the bank loan on the company... The loan will be repaid with the increase in cash from operations... Watch the discussion with the management on Vodafone Idea's FPO, which opens from today, with Anil Singhvi.
The minimum bid lot for the Vodafone Idea FPO is 1,298 equity shares, and in the multiples of 1,298 equity shares, thereafter. It means that the minimum application amount would be Rs 14,278 for a single lot of shares. The objective of the fundraising is to give the telecom company the firepower to improve its positioning in the Indian telecom market. The FPO would also help the firm to shore up finances for its much-delayed 5G rollout.
Wed, Apr 17, 2024
Vodafone Idea FPO: The price band for the offer is Rs 10–11 per share. The higher end of the price band (Rs 11) is at a discount of about 26 per cent compared to the recently approved preferential issue price to the promoter entity at Rs 14.87.
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.
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