Vodafone Idea successfully closes FPO to fund 4G, 5G rollouts rcrwireless.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from rcrwireless.com Daily Mail and Mail on Sunday newspapers.
Vodafone Idea FPO: Dial Vi for victory: Cash-strapped telco pulls off biggest FPO indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.
India Business News: Vodafone Idea's Rs 18,000 crore follow-on public offer (FPO), the largest in India's history, was fully subscribed on the third day. Global institutional investors like GQG, Capital Group, and Fidelity Investments showed high interest in the telecom company. The section for qualified institutional buyers (QIBs) was subscribed 1.23 times, non-institutional investors (NIIs) 1.93 times, and the retail segment 42%.
Rajiv Jain s GQG Partners, which had invested nearly Rs 1,350 crore in Vis anchor book, continued to invest in the FPO. Additionally, several other foreign institutional investors, such as Capital Group and Fidelity Investments, subscribed to the issue, according to banking sources.
Vodafone Idea s follow-on public offer (FPO) received a 26% subscription rate on the first day of bidding, driven by strong demand from qualified institutional buyers. Learn more about the subscription rates and investor interest in the FPO.