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.
Vodafone Idea s FPO sees slow response. Uncertainty around profitability and debt reduction persists. VI is the third largest telco in India based on subscriber base.
Vodafone Idea: Qualified institutional buyers picked up 93 per cent of their 360 crore shares reserved for them while non-institutional investors sought 75 per cent out of 270 crore shares earmarked for them.
India Business News: NEW DELHI: Debt-saddled telecom operator Vodafone Idea Ltd's Rs 18,000 crore follow-on offering (FPO) on Friday picked up momentum with close to half .