Telecom company Vodafone-Idea is soon going to launch its FPO worth Rs 18,000 crore. Will you earn money from this or will the value of your shares reduce? Let us know its details…
Vodafone-Idea is coming with a follow-up public offer (FPO) of Rs 18,000 crore. The board of directors of the company has also approved for this. Now it remains to be seen whether the company’s shares will give you good earnings in the coming days? At present the company’s shares are giving green signals. Let us know the details of the company’s FPO…
The company said on Friday that the FPO will open on April 18 and close on April 22. For this, it has set the minimum price at Rs 10 and the maximum limit at Rs 11 per equity share. Currently the company’s shares are trading above Rs 13.
Vodafone-Idea informed BSE that the company’s board of directors, in a meeting on April 11, 2024, has approved the FPO of equity shares worth up to Rs 18,000 crore. The capital raising committee of the company has fixed the price range for issuing FPO in a meeting on 12 April 2024.
Vodafone-Idea has been struggling with cash problems for a long time. In such a situation, this FPO will help the company in completing its future plans and reducing the cash crisis. If this happens, then Vodafone-Idea shares may register further growth in the coming years.
After all, what is FPO?
You all must have heard the word IPO often, so right now you must be confused as to what is FPO. Actually, FPO is also like IPO, but it is brought only by companies already listed in the stock market. IPO is brought when a company lists itself in the stock market, but when a listed company again issues its shares in the market to raise capital, then it is called FPO.
Vodafone-Idea is currently the third largest company in the telecom sector. After the entry of Reliance Jio in the market, this company has suffered the most loss.