Vodafone Idea informed about the shareholders’ nod to issue preferential shares to Nokia & Ericsson worth ₹2,458 cr & conversion of ₹160 cr worth optionally converted debentures issued to ATC Telecom.
Bharti Airtel emerged as the biggest bidder by securing 69% of the total MHz on offer, followed by VIL at 21%, and RJio at 10%.
Jio has acquired the right to use spectrum in the 1800 MHz band in Bihar and West Bengal for ₹973.63 crore.
Vi says preferential allotment of 166 cr shares will be done for around ₹2,458 crore to two of its key vendors – Nokia Solutions and Networks India, and Ericsson India
Over 1,636 crore new equity shares of Vodafone Idea allotted to investors under the FPO were listed on the exchanges today.
The ₹18,000 crore FPO of Vi, the largest so far by an Indian company, was overall subscribed 6.36 times, led by QIBs and NIIs.
QIB quota gets maximum response, with category receiving bids for 1,423 cr shares against 360 cr on offer, thus subscribing 4.8 times
Vodafone Idea FPO opens tomorrow; the floor price at ₹10 apiece, while the cap price at ₹11 per share, with a minimum bid lot of 1,298 apiece
The beleaguered telecom operator plans to use ₹12,750 crore from the FPO to purchase equipment to expand its 4G and 5G network as well as existing capacities.
Vi shareholders have approved a ₹20,000-cr fundraising plan via a combination of equity and equity-linked instruments; telco aims to raise ₹45,000 cr
