Vodafone Idea's mega FPO may keep stock price muted
Financial Express Mumbai|April 13, 2024
VODAFONE IDEA'S 18,000 CRORE follow-on public offer (FPO), the biggest ever to hit the Indian stock market, is expected to keep the stock price muted in the near term due to the large number of new shares flooding the market, said market experts.
Vodafone Idea's mega FPO may keep stock price muted

The FPO is part of the cash-strapped company's plan to raise ₹45,000 crore through debt and equity as it struggles to repay debt and invest in improving its services to arrest subscriber churn. The FPO will open for subscription on April 18 and close on April 22, while anchor investors bids are expected to come in on April 16.

The merchant bankers for the issue are SBI Capital Markets, Jefferies and Axis Capital.

この記事は Financial Express Mumbai の April 13, 2024 版に掲載されています。

7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。

この記事は Financial Express Mumbai の April 13, 2024 版に掲載されています。

7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。

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