Vodafone Idea to raise Rs 18,000 crore via follow-on offer

Vodafone Idea plans Rs 18,000 crore FPO at Rs 10-11/share, surpassing Yes Bank's record. Aiming to boost market position, address debt, and prepare for 5G rollout amidst subscriber losses and quarterly challenges.

Apr 13, 2024 - 02:00
Vodafone Idea to raise Rs 18,000 crore via follow-on offer
Vodafone Idea plans Rs 18,000 crore FPO at Rs 10-11/share, surpassing Yes Bank's record. Aiming to boost market position, address debt, and prepare for 5G rollout amidst subscriber losses and quarterly challenges.