Vodafone Idea's Rs 20,000 crore FPO likely to open next week





Cash-strapped telco Vodafone Idea (Vi) is likely to launch a Rs 20,000 crore follow-on public offer (FPO) next week, which is said to be priced at a “significant discount” to the Rs 14.87 a share that was set for the preferential issue to one of the promoters, a person familiar with the matter said.


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