Can Voda Idea's FPO Turn the Tables on Yes Bank

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1. Voda Idea is planning to launch an FPO of ₹18,000-20,000 crore next week.

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2. This FPO will help in bringing the company facing financial crisis back on track.

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3. Jefferies, SBI Caps and Axis Capital have been appointed as lead managers for the FPO.

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4. FPO may get good support in the beginning, because domestic and foreign anchor investors have promised to invest.

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5. The money raised from FPO will be used to increase liquidity.

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6. There is no positive impact of FPO on the shares of Voda Idea.

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7. On April 18, 2023, it was at a one-year low of Rs 6.01 and on January 1, 2024, it was at a one-year high of Rs 18.42.

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