Telecom company Vodafone-Idea (VI) has received tremendous response from anchor investors. The company said that the anchor book opened ahead of the follow-on public offering (FPO) has participation from many large investors, including leading global and domestic investors. The company has raised about Rs 5,400 crore from these investors. This could be the third largest anchor book after One97 Communications and Life Insurance Corporation (LIC). One97 Communications and LIC had raised Rs 8,235 crore and Rs 5,627 crore respectively in anchor rounds.
490 crore shares allotted to investors
In the information given to the stock market on Wednesday, the company said that the company has allotted 490.9 crore shares to 74 funds at the rate of Rs 11 per share. This took the transaction size to Rs 5,400 crore. Let us tell you, the company’s FPO is opening for retail investors from April 18.
These investors including GQG invested money
The company said that major investors subscribing to the anchor book include GQG Partners, UBS, Morgan Stanley India Investment Fund, Citigroup Global Markets Mauritius, Goldman Sachs, Fidelity etc. Apart from these, shares were allotted in the anchor round to domestic investors including Motilal Oswal Mutual Fund, HDFC Mutual Fund, SBI General Insurance and Quant Mutual Fund.
According to Vodafone-Idea, the capital raising committee of its board of directors had approved the allotment of 4,90,90,90,908 equity shares of the company to anchor investors on April 16, 2024. Earlier, the board of directors of Vodafone-Idea had approved a follow-on public offering (FPO) of equity shares worth up to Rs 18,000 crore. The company had told last Friday that the FPO will open on April 18 and close on April 22. The price range for this has been fixed at Rs 10-11 per equity share.
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