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Vodafone Idea Stock Surges 11%: What Triggered The Rally? | Vodafone Idea FPO

Vodafone Idea s shares experienced a significant surge of over 13% on April 23, reaching Rs 14.30 by 1:11 PM, marking a 10.85% increase. The telecom company s Follow-On Public Offering (FPO) garnered substantial investor interest, with the subscription rate exceeding 6 times on the final day of bidding. Investors displayed keen interest, bidding for 8,011.8 crore equity shares. The FPO involved the sale of 1,260 crore shares, amounting to Rs 18,000 crore, making it India s largest Follow-On Public Offer to date. This move was part of Vodafone Idea s strategy to raise Rs 45,000 crore through a combination of debt and equity. #vodafoneidea #stockmarket #fpo #vodafoneideafpo #etnow #etnownews #stockmarket #topnews Subscribe To ET Now For Latest Updates On Stocks, share market, business News, Trading, Crypto Updates | [ 🔗 Click ‼️ ] To Stay Updated Download the Times Now App :- Android Google Play : [ 🔗 Click ‼️ ] Apple App Store : [ 🔗 Click ‼️ ] Social Media Links :- Twitter - [ 🔗 Click ‼️ ] Facebook - [ 🔗 Click ‼️ ] G+ - [ 🔗 Click ‼️ ] Website - [ 🔗 Click ‼️ ] Subscribe Now To Our Network Channels:- Times Now: [ 🔗 Click ‼️ ] Mirror Now: [ 🔗 Click ‼️ ] :::: Visit my YouTube channel @ ET NOW ( [ 🔗 Click ‼️ ]] )

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