Representational picture
| Photo Credit: REUTERS
The Board of Directors of Vodafone Idea Ltd. (VIL), at its assembly held on April 11, 2024 authorized an additional public providing (FPO) of fairness shares, aggregating as much as ₹18,000 crore.
“The Capital Raising Committee in its meeting held today, i.e. April 12, 2024, approved the price band for the FPO issuance,” the corporate mentioned in an announcement. The value band of the FPO is mounted at ₹10 and ₹11 per share with face worth of ₹10 every. Applicants can bid for 1,298 shares in a single lot or in multiples of 1,298 share thereafter.
The larger finish of the worth band i.e. ₹11 is at a reduction of 26% in contrast with the just lately authorized preferential difficulty value to the promoter entity at ₹14.87 and a reduction of 15% in contrast with final closing value of ₹12.95.
