Vi approves offer price of Rs 11 per equity share for Rs 18,000 cr FPO

Telecom operator Vodafone Idea’s (VIL) board has fixed the FPO offer price at Rs 11 per equity share, according to a regulatory filing.
The anchor investor offer price of Rs 11 per equity share has also been greenlit by the board.

“… 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 Ltd has raised Rs 18,000 crore pulling off India’s largest-ever follow-on public offering (FPO) as the issue got subscribed nearly seven times after institutional investors poured in money, stock exchange data showed on Monday evening.