WHAT RETAIL INVESTORS COMMON SENSE SAYS? AS THE DEAD LINE FOR VODAFONE IDEA LTD (VIL) FUNDING DECISION EXTENDED TILL FEB 28 2021?

ANOTHER FINE EXAMPLE OF CATCH 22 SITUATION

COMMON SENSE SAYS THAT EVEN IF VIL PLANS TO OFFER NEW EQUITY FOR QIP THEN IT MUST BE AT LEAST RS.12.50 EQUAL TO OR MORE THAN THE LAST PRICE OF VIL RIGHS ISSUE.

WHAT SEBI RULES SAY:-

Rules now mandate that the issue price in a QIP to be not less than the average of weekly high and low for two weeks preceding the relevant date. A further discount of up to 5 per cent on the floor price can be offered to investors

THAT MEANS VIL SHARE PRICE MAY GETS JACKED UP AND MAINTAINED AT A LEVEL OF RS. 12.50 FROM TODAY TILL LAST WEEK OF FEB 2021 TO ARRIVE AT RS.12.50.BUT IT SHALL BE SHAMEFUL ON PART OF MANAGEMENT TO ISSUE QIP AT RS.12.50 RATHER IT SHOULD BE AROUND RS.15 OR 18 THIS TIME OTHERWISE IT SHALL BE TANATANMOUNT TO BE A DELIBRATE ATTEMT TO ISSUE SHARES AT LOWER PRICE.

REST DEPENDS OF THE MANAGEMENT (BIRLAS AND VODAFONE PLC) AS RETAIL INVESTORS HAVE NO SAY AT ALL.