India, April 29 -- In a significant development for the Indian telecom sector, Vodafone Idea Limited (VIL), one of the leading telecommunications service providers in India, successfully concluded its Follow-on Public Offer (FPO) on April 22nd, 2024. The FPO, which aimed to raise Rs 18,000 crore (approximately USD 2.2 billion), received a strong response from investors and was fully subscribed on the last day.

The successful completion of the FPO signifies a vote of confidence from investors in Vodafone Idea's future prospects. The company had set a price band of Rs 10 to Rs 11 per equity share for the FPO. While the final allotment details are yet to be announced, this development indicates strong investor interest in the company's grow...