Vodafone Idea (Vi) is gearing up to launch a follow-on public offer (FPO) to raise Rs 18,000-20,000 crore by the middle of the next week.
The debt-laden telecommunications company has enlisted Jefferies, SBI Caps and Axis Capital as lead managers for the FPO, the largest offerings of its kind in India. However, none of the banks are underwriting the issue, sources said.