Vodafone Idea Rs 18,000 crore FPO to open next week; floor price at Rs 10 per share
Idea Vodafone has approved the Floor Price for its FPO at ₹10/- per Equity Share . In its release to the exchanges on Friday, Vodafone Idea said that the Capital Raising Committee , at its meeting held on 12 April 2024 has approved and recommended the floor price to the Independent Directors of the Company
Approving the Floor Price of the Offer to be ₹ 10/- per Equity Share;
Approving the Cap Price of the Offer to be ₹ 11/-; per Equity Share; and
A minimum bid lot of 1,298 Equity Shares and in the multiples of 1,298 Equity Shares
thereafter.
The Board of Directors (“Board”) of the Company, at its meeting held on April 11, 2024
approved Further Public Offering (FPO) of Equity Shares, aggregating up to ₹ 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.
