Try GOLD - Free
Vodafone Idea raises Rs 5,400 crore from GQG partners & others
The Business Guardian
|April 18, 2024
Telecom company Vodafone Idea has allotted 4.9 billion shares to anchor investors at Rs 11 apiece the top end of the price band - to raise Rs 5,400 crore.
-
A total of 74 schemes received allotments in the anchor category, with USbased GQG Partners subscribing to Rs 1,347 crore worth of shares, nearly a quarter of the available shares in the anchor category. Other large subscribers included Fidelity, Stichting, Redwheel, Motilal Oswal Mutual Fund, and Troo Capital.
The allottees were decided after a meeting of the 'capital raising committee' of Vodafone Idea at 11:45 pm on Tuesday.
An anchor allotment is made a day before the follow-on public offering (FPO) opens. As Wednesday is a market holiday, Vodafone Idea's Rs 18,000 crore FPO, India's largest ever, will open for subscription on Thursday and close on Monday. Axis Capital, Jefferies India, and SBI Capital are the investment banks managing the FPO.
The anchor allotment was the third-biggest-after Paytm (Rs 8,325 crore) and LIC (Rs 5,627 crore).
This story is from the April 18, 2024 edition of The Business Guardian.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM The Business Guardian
The Business Guardian
SRMIST, Pon Pure Chemicals Sign MoU to Set Up CSR-Funded Oil-Field Chemicals Research Lab
SRM Institute of Science and Technology (SRMIST) has entered into a Memorandum of Understanding (MoU) with Pon Pure Chemicals Pvt. Ltd., Chennai, to establish a Joint Laboratory for Oil-Field Chemical Product Development and Analytical Testing, with a focused emphasis on drilling fluids and related formulations.
2 mins
December 18, 2025
The Business Guardian
A Dazzling New Dawn in Noida: Anubhav Jain Launches ‘Nitara Jewels’
Blending heritage craftsmanship with contemporary sensibilities, Nitara Jewels by CJ Enterprises is set to launch its first exclusive retail store on December 21, 2025, at Wave One Mall, Noida.
2 mins
December 18, 2025
The Business Guardian
Amidst Grandeur, Magnificence, and Valour: Exploring Chittorgarh
Chittorgarh, often hailed as the pride of Mewar, is one of Rajasthan’s most iconic destinations, steeped in history, heroism, and architectural magnificence.
2 mins
December 18, 2025
The Business Guardian
GIGABYTE Expands “Make in India” Footprint with Local Motherboard Manufacturing
GIGABYTE Technology Co. Ltd, a global leader in motherboards, graphics cards, and high-performance computing hardware, has officially commenced local production in India through a strategic contract manufacturing partnership.
1 mins
December 18, 2025
The Business Guardian
Traveling: Expanding horizons and enriching life
Traveling is more than just visiting new places; it is a transformative experience that broadens perspectives, deepens understanding, and enriches life in countless ways.
2 mins
December 18, 2025
The Business Guardian
JUDICIAL ACCOUNTABILITY OR POLITICAL COERCION? THE IMPEACHMENT MOTION AGAINST JUSTICE SWAMINATHAN
The impeachment motion against Justice G.R. Swaminathan marks a troubling moment in Indian constitutional history.
4 mins
December 18, 2025
The Business Guardian
WHEN FOOD MEETS MEDICINE: UNDERSTANDING FOOD-DRUG INTERACTIONS FOR SAFER HEALTH OUTCOMES
Food-drug interactions can be silent disruptors of therapy. But with awareness and proper guidance, their impact can be minimised, ensuring medicines do what they’re meant to: heal.
1 mins
December 18, 2025
The Business Guardian
Court orders extortion FIR against woman who alleged rape allegations against Samir Modi
Saket Court has ordered registration of an FIR for alleged extortion against the woman who had levelled rape allegations against businessman Samir Modi.
1 min
December 18, 2025
The Business Guardian
SIMS PUNE HOSTS 16TH INTERNATIONAL RESEARCH CONFERENCE, SIMSARC’25, ON ‘WEALTH TO WELLBEING
The inaugural session was honoured by the presence of Mr. Atul Kharate, Chief Operating Officer, Indian Oil Adani Ventures Ltd, as the Chief Guest.
1 mins
December 18, 2025
The Business Guardian
FLIPTRENDS2025: GEN Z DRIVES SCROLL-LED DISCOVERY, TIER 2 CITIES LEAD PREMIUMISATION
Flipkart, India’s homegrown e-commerce marketplace, today unveiled #FlipTrends2025, its annual insights report capturing the definitive shifts in the nation’s digital economy.
2 mins
December 18, 2025
Listen
Translate
Change font size