Thu, Apr 18, 2024
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.
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Wed, Apr 17, 2024
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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