Vodafone Idea closes 26% higher than listing price
Vodafone Idea's stock rose 6% despite the influx of 16.36 billion new shares through the FPO. The FPO, which raised Rs 18,000 crore, received bids for 6.4 times the number of shares on offer. Aditya Birla Group chairman Kumar Mangalam Birla called it the beginning of Vi 2.0 and said the full subscription of the retail portion was commendable.