Mumbai: Vodafone Idea’s ₹5,400-crore offer of shares to anchor investors was fully subscribed on Tuesday, making it the third-largest anchor book in India after One 97 Communications and Life Insurance Corporation. Telecom minister Ashwini Vaishnaw and finance secretary TV Somanathan backed the fundraising efforts of the cash-strapped telco.
Foreign institutional investors such as GQG Partners, UBS, Norges, Ellerston Capital, Morgan Stanley Investment Management, AustralianSuper and Fidelity were among those that subscribed to the telco’s anchor book. Domestic mutual funds like HDFC, Quant and Motilal Oswal were also among the anchor investors.
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The cash-strapped telco though didn’t give details of the investors or the price of the offering to anchor investors, at the time of going to press.
The Government of India, which is the largest shareholder in Vodafone Idea (
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