Page 17 - Vodafone Idea

Vodafone Idea rallies 7% on strong foreign investor's response for FPO

India's largest FPO was subscribed 6.4 times. The qualified institutional buyer (QIB) portion of the share sale was bought 17.6 times, with 82 per cent of the bids coming from foreign portfolio

Vodafone Idea's FPO booked 6.4 times as foreign investors bet big

VIL has already allotted 4.9 billion shares to anchor investors, which includes GQG Partners Fidelity, Stichting, Redwheel, Motilal Oswal Mutual Fund and Troo Capital

Shares of Vodafone Idea slide 6% on the last day of Rs 18,000 crore FPO

The company's FPO has been oversubscribed by 3.40 times as of 02:30 PM on Friday. The subscription was led by Qualified Institutional Buyers (QIBs) subscribing the issue 8.71 times,

Vodafone Idea FPO: Issue subscribed nearly 49% a day before its close

The FPO proceeds and the recent Rs 2,075-crore preferential issuance made to the promoter Aditya Birla group is expected to give a few more years of runway to the beleaguered telecom operator

Vodafone Idea FPO picks momentum as institutional investors pour money

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 of the issue being subscribed, largely by institutional investors. Over Rs 12,000 crore, including Rs 5,400 crore from anchor investors, has been raised by the end of day 2 of the FPO, according to stock market information. Of the 1,260 crore shares on offer, 617.46 crore shares were subscribed on Friday, according to information on the BSE. 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. Response from retail investors, who have been offered the biggest chunk, was muted with just 13 per cent of 630 crore shares being picked up. Shares are being offered in a price band of Rs 10-11 apiece, lower than Rs 12.92 closing price of the share on the BSE on Friday. Vodafone Idea shares lost 2.12 per cent in tra

Voda Idea stock jumps 4% as GQG leads strong anchor book demand for FPO

Vodafone Idea FPO raised Rs 5,400 crore from anchor investors, which includes Rs 1,347 crore investments from the US-based GQG Partners.

Vodafone Idea FPO: Here's a step-by-step guide on how to subscribe

Retail investors will need a minimum of Rs 14,278 to bid for one lot of Voda Idea FPO; maximum bid can be for up to 18,172 equity shares at the higher-end of the FPO price band.

Vodafone Idea FPO opens: Price band, how to apply & all you need to know

Vodafone Idea FPO: A total of 74 schemes received allotments in the anchor category, with US-based GQG Partners subscribing to Rs 1,347 crore worth of shares

Vodafone Idea, Indus Towers: Why IIFL Sec is bullish on telecom sector

IIFL Securities has also upgraded Indus Towers stock to 'Buy' with a target of Rs 379, and has raised Bharti Airtel stock's target price to Rs 1,379

Ahead of FPO, Vi raises Rs 5,400 cr, anchor book subscribed over 2x

GQG invests Rs 1,347 cr, likely to invest in main book as well

Should you subscribe to Vodafone Idea FPO? Analysts weigh in

Analysts say while the fundraising could strengthen Vodafone Idea's infrastructure, the company faces challenges on the financial front

Analyst view: Should you subscribe to Vodafone Idea FPO?

Vodafone Idea’s Rs 18,000 crore follow-on public offering (FPO) is scheduled to open for subscription on April 18, 2024. Vodafone Idea aims to boost existing 4G infrastructure

GQG looking to invest around $400 million in ailing Vodafone-Idea

The $2.2 billion share sale, which will start on April 18 and close April 22, has a floor price of 10 rupees (12 cents) per share and a ceiling price of 11 rupees

Vodafone Idea falls 4%; Rs 18,000-crore FPO anchor book to open today

Vodafone Idea shares have plunged 25.19 per cent year-to-date (YTD), but have surged 7 per cent in the past 6 months

Vodafone Idea earmarks Rs 5,720 crore to roll out 5G wireless network

Plans to use Rs 18K cr FPO's proceeds to upgrade infra, clear deferred payments; govt holding will dilute to 24% from 32% currently

Vodafone Idea allocates Rs 5,720 crore for 5G from FPO proceeds

The company's goal is to extend 5G coverage to 40 per cent of its current revenue base within the next 24-30 months.

Vi expects 5G rollout in 6-9 months after FPO worth Rs 18,000 crore

Ahead of its Rs 18,000 crore further public offer (FPO), Vodafone Idea on Monday said it expects to roll out 5G services in select pockets in 6-9 months of the issue. Its Chief Executive Akshaya Moondra said rollout of the 5G services is one of the objectives of raising the capital from the public and once the funding comes, it will start work on the rollout. The 5G rollout will cover 40 per cent of the company's overall revenue base in the next 24-30 months, Moondra said, without sharing a specific target on when the rollout will happen. A sum of Rs 5,720 crore has been allocated for the rollout, he said, adding that testing and vendor conversations have already begun. However, he did not specify the locations where the rollout will happen. It can be noted that both its rivals Bharti Airtel and Reliance Jio -- to whom it has ceded market share -- have been active on 5G for some months now. Moondra said the company has not been able to roll out 5G services because of lack of ...

Vi FPO to open on April 18: Check lot size, price band, other details

The Vi FPO is scheduled to open for subscription on April 18, 2024, and close on April 22

GQG, SBI funds eye investments in Vodafone Idea $2.16 billion share sale

US-based GQG, run by India-born executive Rajiv Jain, plans to invest about $500 million, while SBI Mutual Fund is considering an investment of $200 million to $300 million