- By Aditya Pratap Singh
- Tue, 23 Apr 2024 12:53 PM (IST)
- Source:PTI
Vodafone-Idea FPO: India's third biggest Telecom operator Vodafone Idea's (VIL) board has agreed to fix the FPO offer price at Rs 11 per equity share, according to a regulatory filing. The board has also consented to fix the anchor investor's offer price at Rs 11 per equity share. " Following resolutions were also passed... determined and approved the offer price of Rs 11 per equity share... approved the anchor investor offer price of Rs 11 per equity share," VIL informed.
Debt-laden telecom operator Vodafone Idea Limited has successfully raised Rs 18,000 crore through the largest-ever follow-on public offering (FPO) in India. According to stock exchange data on Monday evening, the issue got subscribed nearly seven times after institutional investors poured in money.
The fundraising will provide VIL with the resources to improve its competitive position in the Indian telecom market, where it lags behind Reliance Jio and Bharti Airtel by a wide margin.
"Further to our letter dated 17 April 2024, intimating you about the meeting of the board of directors of the company to be held on 22 April 2024, in respect of the offer, we wish to inform you that the Board, at its meeting held today that is 22 April 2024 has approved and adopted the prospectus dated 22 April 2024 in connection with the offer," VIL said.
The prospectus has been filed with the Registrar of Companies, Gujarat in Ahmedabad, and submitted to the Securities and Exchange Board of India, BSE Limited, and National Stock Exchange of India Limited, the company said.
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(With PTI Inputs)
How to check Vodafone-idea FPO allotment status
- Visit Link Intime Private Ltd's official website
- Choose Vodafone-Idea FPO from the dropdown menu
- Next choose to get details through PAN, Demat Account, Application No
- Choose application type from ASBA and non-ASBA types
- Fill in details either PAN, Application Number, or Demat account
- Submit by filling captcha code
How To check FPO allotment status on BSE
- Go to the allotment page on BSE's official website
- Select equity from the 'Issue type' section
- Choose Vodafone-idea FPO from drop-down menu
- Either enter PAN or application number
- Submit
