FPO alert: Vodafone Idea fixes price band; dates, minimum bid and all you need to know
The company plans to raise up to Rs 18,000 crore through the FPO.
The company plans to raise up to Rs 18,000 crore through the FPO.
The company plans to raise up to Rs 18,000 crore through the FPO.
The company plans to raise up to Rs 18,000 crore through the FPO.
Vodafone Idea Ltd has fixed the price band for tis Follow-on Public Offer (FPO) between Rs 10 and Rs 11 per share, according to an exchange filing.
The move comes after the company's board approved raising Rs 20,000 crore via equity on February 27.
When will the issue hit capital markets?
The FPO will open on April 18 and close on April 22. The anchor investor bids will get approval on April 16.
Investors can bid for a minimum of 1,298 shares. Going by the price band, the minimum application amount would cost between Rs 12,980 and Rs 14,278 for one lot of shares.
The company plans to raise up to Rs 18,000 crore through the FPO.
The shares of Vodafone Idea were trading 4.25 per cent lower at Rs 12.40 at 10 am on Friday.