Vodafone Idea shares jump over 6% a day after FPO subscribed 6.5x

Shares of Vodafone Idea jumped 6.5% to Rs 13.7 in Tuesday’s intraday trade on BSE following the closure of its follow-on public offer (FPO) and the subsequent approval of the offer price by the board.

In an exchange filing on Monday, Vodafone Idea stated: “We wish to inform you that the Board, at its meeting held today i.e. 22 April 2024, has approved and adopted the prospectus dated 22 April 2024 (the “Prospectus”), in connection with the Offer.”