Delhi: The FPO of telecom giant Vodafone Idea Limited (VI), which is going through a financial crisis, has caused a commotion. The telecom company’s board has set an offer price of Rs 11 per equity share for its Rs 18,000 crore FPO, according to a regulatory filing.
Vodafone Idea announced that the board has also approved an offer price of Rs 11 per equity share for anchor investors. “The following resolutions were adopted…
- Acceptance of the offer price of $11 per equity share…
- Approval of the anchor investor’s offer price of Rs 11 per equity share.
How many subscriptions did you receive?
The company’s FPO garnered 6.4 times subscriptions, with investors bidding roughly Rs 90,000 crore. In this FPO, eligible institutional buyers received 17.6 times more subscriptions.
Major investors raise more than Rs 5,000 crore.
Vodafone Idea has allotted 4.9 billion shares at Rs 11 per share (top of price band) to anchor investors to raise Rs 5,400 crore.
