Vodafone Idea (Vi) raised Rs 5,400 crore from nearly 60 anchor investors on Tuesday, making it the third-largest anchor book after One 97 Communications and Life Insurance Corporation.
According to sources, institutions such as GQG Partners, UBS, Morgan Stanley Investment Management, AustralianSuper, Fidelity, and domestic mutual funds like Quant and Motilal Oswal were among those that subscribed to the telecom operator’s anchor book. Sources indicate that over 70% of the anchor investors are foreign institutions.
Rajiv Jain’s GQG Partners reportedly applied for over $400 million in Vi’s anchor book across several of its funds.
Vi plans to raise as much as Rs 18,000 crore through India’s largest follow-on public offering (FPO), which will open on April 18 and close on April 22.
The telco, formed by the merger of Aditya Birla Group’s Idea Cellular and the India unit of Vodafone Plc in…
