Vodafone Idea Limited on Friday (April 12) announced an FPO worth Rs 18,000 crore. According to the information, this FPO will be open for general investors from April 18 to April 22. The offer of anchor investors will be approved on April 16.
The price band of FPO has been fixed at Rs 10 to Rs 11. Its lot size will be 1298 shares. At least Rs 14,278 will be required to invest in IPO. At the same time, the company will also start a road show from April 15, in which investors and analysts will be met. This road show will continue till the closing of the offer.
Aditya Birla Group invested
Vodafone Idea’s FPO had received approval from the company’s board on February 27 to raise Rs 20,000 crore through equity. The company has raised Rs 2,075 crore from promoter Oriana Investment Pte Ltd through preferential shares. This company is associated with Aditya Birla Group.
Company will raise Rs 45,000 crore
Vodafone Idea has planned to raise Rs 45,000 crore. Of this, Rs 20,000 crore will be raised through equity. At the same time, an amount of Rs 25,000 crore will be raised through debt.
CLSA gave a target of 5
A report regarding Vodafone Idea was released by brokerage firm CLAS on Wednesday. It was told that a target of Rs 5 was given for the shares of Vodafone Idea. This report was released by the brokerage firm at a time when the company’s subscriber data was revealed. There has been a decline of Rs 1.7 crore in the last 12 months.
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