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Vodafone Idea to launch FPO, aims to raise Rs 18,000-20,000 cr
The Business Guardian
|April 11, 2024
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.
Cette histoire est tirée de l'édition April 11, 2024 de The Business Guardian.
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