#Vodafone #VodafoneFPO #VodafoneShares #FPO
Shares of Vodafone Idea are in news after the telco said its plans to raise up to Rs 18,000 crore via follow-on public offer (FPO) of equity shares. The Capital Raising Committee of Vodafone Idea also cleared the floor price of the offer to be Rs 10/- per equity share, offering a potential discount of around 17% compared to its closing price on Wednesday. It also approved the cap price of the offer to be Rs 11/- per equity share. Shares will be offered in a minimum bid lot of 1,298 equity shares and in the multiples of 1,298 equity shares thereafter. The FPO will open on April 18, 2024 and close on April 22, 2024, the telco said in a communication to bourses.
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