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Vodafone Idea to launch FPO, aims to raise Rs 18,000-20,000 cr
April 11, 2024
|The Business Guardian
Vodafone Vodafone Idea (Vi) is gearing up to introduce a follow-on public offer (FPO) aiming to raise Rs 18,000-20,000 crore by the middle of next week.
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The telecom company burdened with debt has appointed Jefferies, SBI Caps, and Axis Capital as lead managers for the FPO, which is anticipated to become one of the largest offerings in India. Nonetheless, sources have mentioned that none of the banks will be underwriting the issue.
Yes Bank's Rs 15,000 crore FPO stands as the largest share sale in the Indian market to date.
Adani Enterprises' Rs 20,000 crore FPO in January 2023 would have topped the charts, but the Gautam Adani flagship company decided to call off the offer following allegations of several governance lapses at the Adani Group in a report by Hindenburg Research.
هذه القصة من طبعة April 11, 2024 من The Business Guardian.
اشترك في Magzter GOLD للوصول إلى آلاف القصص المتميزة المنسقة، وأكثر من 9000 مجلة وصحيفة.
هل أنت مشترك بالفعل؟ تسجيل الدخول
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