Vodafone-Idea plans to raise funds, FPO worth Rs 18,000 crore will be launched on this day

New Delhi Telecom Operator Vodafone Idea is facing financial crisis. In such a situation, the company had announced a few days ago that it is planning to raise funds.

This morning, the company said in a BSE exchange filing that the company’s board has approved a follow-on public offer (FPO) of equity shares worth up to Rs 18,000 crore.

The company’s FPO will open on April 18 and close on April 22. The company has fixed its minimum price at Rs 10 and maximum limit at Rs 11 per equity share.

The company said in its BSE filing

The company’s board, in its meeting held on April 11, 2024, approved another public offer (FPO) of equity shares worth up to Rs 18,000 crore. The capital raising committee has approved the price band for the FPO issue.