Vodafone Idea has launched a significant Follow-on Public Offer (FPO) aiming to raise Rs 18,000 crore. The FPO, which opened for anchor investors on April 16, 2024, has already attracted substantial investment, including a notable Rs 5,400 crore from nearly 60 anchor investors, marking it as the third-largest anchor book in India's history. Prominent investors such as Rajiv Jain's GQG Partners and Fidelity have contributed significantly, with GQG alone investing around $400 million. The funds raised are earmarked for various strategic initiatives, including a Rs 5,720 crore allocation for the rollout of 5G services, expected within 6-9 months post-FPO. The FPO will be open to public investors from April 18 to April 22, 2024, with the company's promoters also investing approximately Rs 2,075 crore through a preferential issue. The Finance Ministry has expressed support for Vodafone Idea's capital investment plans.