Vodafone Idea to launch Rs.18000-20000-crore FPO next week

(20 Second reading) Vodafone Idea is gearing up to launch a FPO to raise Rs 18,000-20,000 crore by the middle of next week, sources have told Moneycontrol.

The debt-laden telecommunications company has enlisted Jefferies, SBI Caps and Axis Capital as lead managers for the FPO, the largest offerings of its kind in India. However, none of the banks are underwriting the issue, sources said. Vodafone Idea has secured commitments from anchor investors, including both foreign and domestic institutional investors