Here’s What SBI Chairman And NSE MD & CEO Had To Say At Vodafone Idea FPO Listing

Aditya Birla Group Chairman Kumar Mangalam Birla called Vodafone Idea's follow-on public offer (FPO) as a turning point for India's telecom industry, adding that the event marked the "start of Vodafone Idea 2.0". Shares of Vodafone Idea rebounded more than 11% in opening trade on the listing day. The stock kicked-off the trading session at ₹11.80 but was seen at ₹13.10 within a few minutes, as the session progressed and buyers lapped up shares near the FPO price of ₹11. Dinesh Khara, the Chairman of SBI who was present at the event recalled the tough times the company had been through and expressed confidence that the assumption of Chairmanship by Kumar Mangalam Birla will turn the tide around. NSE chief Ashishkumar Chauhan hailed Vodafone Idea for the biggest ever and most successful FPO issue.