Vi hopes 5G rollout by December, earmarks Rs 5,720 crore from Rs 18,000-crore FPO

Mumbai: Vodafone Idea, which has been struggling to raise growth capital for long, is in the midst of launching the largest follow-on-public offer (FPO) later this week.

India’s third largest mobile operator has a poor track record in fundraising since its merger with the Aditya Birla group, but if the Rs 18,000-crore FPO issue, for which it has fixed the price-band at Rs 10-11 (around 15 percent discount), sails through it will be the largest FPO in the history of the domestic capital markets.