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Vodafone Idea's FPO sees bids for half of shares.
short by Kalpesh / on Saturday, 20 April, 2024
Vodafone Idea's FPO attracted bids worth 67.90 billion rupees ($813.03 million) for half of the shares on offer. Qualified institutional buyers showed significant interest, with bids for 6.17 billion shares, indicating a subscription of 0.49 times the shares available. Arun Kejriwal from Kejriwal Research noted positive subscription trends.
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