Vodafone Idea approves offer price of Rs 11/equity share for Rs 18,000 crore FPO

This comes after the debt-saddled telecom operator Vodafone Idea Ltd raised Rs 18,000 crore in India's largest ever follow-on offering as the issue got subscribed nearly seven times after institutional investors poured in money, stock exchange data showed.

Vodafone Idea logo.

Credit: Reuters Photo

Vodafone Idea on Tuesday approved offer price of Rs 11 per equity share for Rs 18,000-crore FPO, as per the Company filing.

This comes after the debt-saddled telecom operator Vodafone Idea Ltd raised Rs 18,000 crore in India's largest ever follow-on offering (FPO) as the issue got subscribed nearly seven times after institutional investors poured in money, stock exchange data showed.

More to follow...

(With PTI inputs)

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