Vodafone Idea announces Further Public Offer of Rs. 18,000 crores

The Board of Directors (“Board”) of the Company, at its assembly held on April 11, 2024 accepted Further Public Offering (FPO) of Equity Shares, aggregating as much as ₹ 18,000 crore. The Capital Raising Committee in its assembly held at the moment i.e. April 12, 2024 accepted the worth band for the FPO issuance.

The greater finish of the worth band i.e. Rs. 11 is at a reduction of ~26% in comparison with lately accepted preferential challenge worth to the promoter entity at Rs. 14.87 and a reduction of ~15% in comparison with final closing worth of Rs. 12.95.