Vodafone Idea’s follow-on-public offer is set to open on April 18. If successful, this will be India’s biggest FPO, surpassing YES Bank’s Rs 15,000 crore share sale in July 2020. Adani Enterprises’ Rs 20,000 crore FPO was fully subscribed but later cancelled in February 2023.
Can Vodafone Idea now use this new war chest to fight with Jio and Airtel at a time when it is consistently losing subscribers?
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