Vodafone Idea’s mega Rs 18,000 cr FPO opens for subscription. The company has raised Rs 5,400 crore from 74 anchor investors, the company announced in a press statement on Wednesday. The investors include GQG Partners, The Master Trust Bank of Japan, UBS, Morgan Stanley Investment Management, Citigroup Global Markets, Australian Super, Fidelity, Quant, and Motilal Oswal. In an interview to Moneycontrol’s Nandita Khemka, CEO Akshay Mundra highlights the company's strategy to address subscriber loss by prioritising 4G coverage and capacity growth. Despite challenges, including a significant portion of 2G subscribers, Vodafone Idea aims to align ARPU growth with industry peers.
first published: Apr 18, 2024 10:02 am
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