Analysts also believe that Vodafone Idea may benefit from being a late entrant in the 5G market, learning from its bigger rivals that have already rolled out pan-India 5G networks
In an exchange filing on Monday, Vodafone Idea stated: "We wish to inform you that the Board, at its meeting held today i.e. 22 April 2024, has approved and adopted the prospectus dated 22 April 2024 (the “Prospectus”), in connection with the Offer."
The fundaraise is expected to give Vodafone firepower to improve its positioning in the telecom space, where it currently trails larger rivals such as Reliance Jio and Bharti Airtel, by a wide margin.
Vodafone Idea FPO allotment: Those who have applied for the issue can check the allotment status in the registrar portal- Link Intime India Private Ltd.