The Board of Directors of Vodafone Idea have approved Further Public Offering (FPO) of equity shares, aggregating up to Rs 18,000 crore.
The Capital Raising Committee of Vodafone Idea in its meeting held today i.e. April 12, 2024 approved the price band for the FPO issuance.
The higher end of the price band i.e. Rs 11 is at a discount of ~26 percent compared to recently approved preferential issue price to the promoter entity at Rs 14.87 and a discount of ~15 percent compared to last closing price of Rs 12.95.
