India's Vodafone Idea to launch $2.16 billion share sale

The company said in February it would raise up to 200 billion rupees through equity, which included financial support of 20 billion rupees from a promoter entity it did not name.

Reuters

April 12, 2024 / 09:14 IST

Vodafone Idea

Indian telecom operator Vodafone Idea said on Friday it would raise 180 billion rupees ($2.16 billion) next week, in the country’s largest follow-on public offering of new shares.

The company said in February it would raise up to 200 billion rupees through equity, which included financial support of 20 billion rupees from a promoter entity it did not name.

The public offering will open for bids on April 18 and close on April 22.

($1 = 83.3150 Indian rupees)

Reuters

first published: Apr 12, 2024 09:14 am

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