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India's Vodafone Idea to launch US$2.16bil share sale

Tan KW
Publish date: Fri, 12 Apr 2024, 12:08 PM
Tan KW
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BENGALURU: Indian telecom operator Vodafone Idea said on Friday it would raise 180 billion rupees (US$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.

 - Reuters

 

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