SBI chairman Khara credited Vi s FPO success to Birla s leadership, highlighting the telco s funding programs and competition goals. The retail investor trust in the Aditya Birla Group reflects confidence in Vi s future growth in the telecom sector.
Sanjiv Bhasin shares expert insights on stock market trends, emphasizing potential winners like ICICI, Axis, IDFC First Bank, and Aditya Birla Fashion & Retail Ltd. He discusses Voda Idea s transformation, private bank strategies, and pharmaceutical majors promising outlook.
Voda Idea s Rs 18,000 crore FPO is one of the largest fundraisers in the history of Indian capital markets and will be followed by the proposed debt raise of Rs 25,000 crore. This could enable Vi to break out of the vicious loop of high debt, lower capex, inferior network quality, and subscriber loss, Nuvama said in a note.
IPO screener: Vodafone Idea FPO closes today - The Hindu BusinessLine thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.
Shares of Vodafone Idea dropped 5% to Rs 12.23 in today s trading, ahead of the closure of its Rs 18,000 crore follow-on public offer. Vi attracted Rs 5,400 crore from 74 anchor investors, featuring prominent names like GQG Partners and Morgan Stanley.