DILUTIVE FPO

Why this maverick investor is betting on Vodafone Idea

America's GQG Partners, known for successful bets on Adani companies, is now investing $400 million in Vodafone Idea's share sale, a move seen as a major endorsement for the struggling telecom giant. Vi, facing massive debt and structural issues, hopes the fund-raise will strengthen its position in the market.

Vodafone Idea FPO opens today; stock jumps over 4%

Vodafone Idea's shares surged 4% to Rs 13.48 as its Rs 18,000 crore follow-on public offer opened, attracting strong interest from anchor investors like GQG Partners. However, analysts advise caution for retail investors, citing concerns about the company's debt burden.

Vodafone Idea allocates Rs 5,720 crore for 5G from FPO proceeds, but overall capex to be far higher

The telco aims to bring 40% of its existing revenue base under 5G coverage within the next 24-30 months. For 4G, Vi will invest in refarming the 900MHz and the 2100MHz spectrum for better coverage as well as expand 4G population coverage in 17 priority circles, chief executive Akshaya Moondra said at a news briefing.

Voda-Idea raises Rs 5,400 cr from anchors, GQG may invest $400m

Foreign institutional investors such as GQG Partners, UBS, AustralianSuper, Fidelity, Redwheel Funds, Abu Dhabi Investment Authority, Allspring Global Investments, Morgan Stanley Investment Funds, Government Pension Fund Global, Copthall Mauritius Investment, and Societe Generale were among those that subscribed to the telco's anchor book.

Vodafone Idea's Rs 18,000 cr FPO may attract big investors. Is it worth your money?

Vodafone Idea plans an Rs 18,000 crore FPO on April 18, attracting GQG Partners with $300-400 million bids. Analysts cautious due to profit concerns, low listing expectations, capex needs, 5G delay, and industry challenges.

As Vi Speak: Telco to ring in biggest FPO of Rs18,000 crore

Issue priced at Rs10-11 a share; at higher end, FPO is at 26% discount to preferential issue.

Voda Idea FPO to open April 18, close April 22, prices it at Rs10-11

"Approving the Floor Price of the Offer to be Rs10/- per Equity Share; b. Approving the Cap Price of the Offer to be Rs11/-; per Equity Share; and c. A minimum bid lot of 1,298 Equity Shares and in the multiples of 1,298 Equity Shares thereafter," the company said in a stock exchange notice.

Vodafone Idea Rs 20,000-crore FPO likely to open next week

The company is likely to file its red herring prospectus with the Registrar of Companies this week, with plans to launch its follow-on public offer next week.

Vodafone Idea's Rs 20,000 crore FPO likely to open next week

Brokerage CLSA said last month it has observed keen interest from foreign institutional investors in the UK on Vi's equity-raise plan.

Not considering FPO, but other modes like OFS, QIP to raise public shareholding: Patanjali Foods

In an interview with PTI on Thursday, Ramdev assured his investors and public shareholders that there would be no impact on Patanjali Foods operation and financial performance and its growth trajectory will remain intact.

Another FPO on cards for Patanjali Foods; process to start from April: Baba Ramdev

In an interview with PTI, Ramdev assured his investors and public shareholders that there would be no impact of Patanjali Foods Ltd's (PFL) operation and financial performance and its growth trajectory will remain intact.

What is an FPO & how does it benefit the company, shareholders?

Adani Enterprises FPO opens Jan 27: What should investors do - apply or skip?

The FPO, which will help the conglomerate fund capital expenditure requirements of subsidiaries in green hydrogen, airport facilities and greenfield expressway, will lead to the promoter's shareholding going down by around 3.5% and increase the free float of the multibagger stock.

Coal part of India's base load energy: Adani Group

The role of coal was reiterated by Adani Enterprises, CFO, Jugeshinder Singh, when he was quizzed if use of coal for its power business could be a deterrent for international investors to invest in Adani Enterprises' follow-on public offer.

International Holding Company, Gulf SWFs may go big on Adani Enterprises’ $2.5 billion FPO

Adani Enterprises late November announced the initiation of a much-awaited follow-on public offer (FPO) to raise as much as ₹20,000 crore ($2.5 billion) from retail and institutional investors, riding piggyback on the meteoric 18-fold jump in its stock prices in the last five years. This will be the largest such issuance in India to date.

Ruchi Soya FPO subscribed 8% in first 3 hours of bidding

Analysts are largely upbeat about the issue as the company is selling shares at a deep discount to the prevailing prices. Moreover, the company plans to use the fund to pay off debts, which will also strengthen its balance sheet.

Ruchi Soya's Rs 4,300 crore FPO kicks off: Should you participate?

"Considering Ruchi Soya's strong brand recall, wide distribution, better financial track record and healthy ROE, we have a positive view for the FPO. It is recommended to “subscribe” the issue from the long term perspective," said Ashika Stock Broking.

Ruchi Soya plunges 17% as FPO price band set at Rs 615-650

This FPO dilution will aid Baba Ramdev's Patanjali Ayurveda, which owns Ruchi Soya, in adhering to the minimum shareholding rules.

Ruchi Soya's follow-on public issue of Rs 4,300 cr to open on March 24

Diversified FMCG company Ruchi Soya will launch its follow-on public offer on March 24. A follow-on offering is an issuance of additional shares made by a company after an initial public offering.

Baba Ramdev's Ruchi Soya gets go ahead from Sebi to float FPO

The company, which filed the draft papers with Sebi in June, obtained its observations on August 14, an update with the regulator showed on Tuesday.

Baba Ramdev’s Ruchi Soya likely to get Sebi nod for FPO this week, eyes I-Day launch

Ruchi Soya, which was acquired by Patanjali Ayurved through the insolvency court, is aiming to open subscription to its FPO for investors before the Independence Day on August 15, sources said.

Baba Ramdev's Ruchi Soya files FPO document to raise up to Rs 4,300 crore

The share price of Ruchi Soya closed at Rs 1,242.35 apiece on the BSE on Friday. The market capitalization of the company currently stands at nearly Rs 36,800 crore.

Ruchi Soya to launch FPO next year, says Swami Ramdev

Patanjali Group has run Ruchi Soya efficiently after the acquisition last year, he said, and expected higher growth during the current fiscal year.