Shares of Vodafone Idea Ltd. gained as much as 5% on Friday, November 14, extending its gains for the fourth straight session. With this move, the stock has now crossed its Follow-on Public Offer (FPO) price of ₹11 per share.

Vodafone Idea's shares have risen 15% in this four-day rally on hopes of more forthcoming relief on its AGR dues. The stock has nearly doubled from the August lows of ₹6.12.

The company had raised ₹18,000 crore in April 2024 through a Follow-on Public Offer (FPO), making it the country's largest FPO till date. The offer price was fixed as ₹11 per share. The stock had rallied to a 2024-high of ₹19.18 before a sharp correction.

The debt ridden telecom operator received major relief from the Supreme Court, after it clarified that any potential relief to the company wi

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