The Rs 667.53-crore public issue is a combination of a fresh issue of 45.45 lakh shares aggregating to Rs 150 crore and an offer for sale (OFS) of 1.57 crore shares worth Rs 517.53 crore. Through the OFS, existing shareholders will sell part of their holdings, while the company will receive proceeds from the fresh issue.
Jefferies says Vodafone Idea shares can soar 143% in bull case scenario. 3 reasons why brokerage is upbeat
Jefferies sees a wide risk-reward range for Vodafone Idea, forecasting up to 143% upside in its bull case and 25% downside in its bear case.