What is 'FPO'

Related News

• Bofa Securities invests in anchor round of SAR Televenture's FPOTelecommunication infrastructure provider SAR Televenture raised nearly Rs 43 crore from anchor investors days before its follow-on public offer (FPO) opening for subscription.
• SAR Televenture to garner Rs 450 cr via rights issue, FPOThe company proposes to utilise the proceeds to the tune of Rs 273 crore to set up fibre-to-the-home (FTTH) network solutions, Rs 42.5 crore for setting up an additional 1,000 4G/5G telecom towers, Rs 30 crore for incremental working capital requirements and the balance amount for general corporate purposes in FY 2025.
• India Inc raises record $30 billion in 6 months, riding FPO waveIndian companies have raised a record $29.5 billion in the equity market through IPOs & FPOs in the first half of 2024, more than double the amount raised last year. Follow-on public offers accounted for 85% of the total proceeds. Analysts anticipate a potential record year for equity issuances.
• SAR Televenture announces Rs 450 crore rights issue, FPOSAR Televenture announced a composite equity issue of Rs 450 crore through a rights issue and follow-on public offering.
• IREDA may float FPO this FYSeparately, in March, the lender's board had approved a proposal of Rs 24,200-crore borrowing for 2024-25. The amount will be raised through taxable bonds, green taxable bonds, perpetual debt instruments, green masala bonds, green foreign currency bonds and external commercial borrowings, among others.
• Vodafone Idea shares can rally up to Rs 23 in bull case: Kotak EquitiesVodafone Idea Share Price: Kotak Institutional Equities, a domestic brokerage, reiterated a sell recommendation for Vodafone Idea, citing it as a high-risk, high-reward opportunity. They maintained that under bullish conditions, the stock could potentially rise to Rs 23, assuming a significant 10% 10-year ARPU CAGR.
• Vi investment focus on 4G and 5G: CEO Akshaya MoondraVodafone Idea CEO Akshaya Moondra has announced plans to invest in 4G services expansion and 5G rollouts, announcing the successful completion of a ₹18,000-crore follow-on public offer (FPO) subscribed seven times. The telco is committed to customer satisfaction and aims to deliver high-quality service. The joint venture between Vodafone and Aditya Birla Group has set aside over ₹12,000 crore for 4G expansion and 5G rollouts, with ₹5,720 crore allocated for 5G rollouts.
• Vi expects to clear all vendor dues in FY26, say analystsAccording to Vodafone Idea management, proceeds from Rs 18,000 crore FPO and proposed Rs 25,000 crore debt funding would enable telco to also upgrade network, say analysts.
• ATC Telecom Infra sells 2.8% stake in Voda Idea for ₹1,840 croreATC Telecom Infrastructure sold a 2.8% stake to Vodafone Idea, worth ₹1,840 crore, in an open market transaction. Citigroup Global bought shares worth ₹611 crore, with other buyers remaining unknown. Last month, ATC converted debentures allotted by Vodafone Idea into equity, and in January 2024, Canada's Brookfield acquired ATC's India unit in a $2.5 billion deal. Vi recently raised ₹18,000 crore through a follow-on public offer, priced at ₹10-11 per share.
• ATC Telecom Infra sells 2.8% stake in Voda Idea for Rs 1,840 croreATC Telecom Infrastructure sold a 2.8% stake to Vodafone Idea, worth ₹1,840 crore, in an open market transaction. Citigroup Global bought shares worth ₹611 crore, with other buyers remaining unknown. Last month, ATC converted debentures allotted by Vodafone Idea into equity, and in January 2024, Canada's Brookfield acquired ATC's India unit in a $2.5 billion deal. Vi recently raised ₹18,000 crore through a follow-on public offer, priced at ₹10-11 per share.