Vodafone Idea raises Rs 5,400 crore from anchor investors
US-based GQG Partners has been allocated the highest number of shares, worth Rs 1,345 crore, while Fidelity Investments has invested about Rs 772 crore in Vodafone Idea's FPO.
US-based GQG Partners has been allocated the highest number of shares, worth Rs 1,345 crore, while Fidelity Investments has invested about Rs 772 crore in Vodafone Idea's FPO.
The price band has been set at Rs 384-385 per share for the initial share-sale, which would be open for public subscription during January 25-28.
The price band for the Rs 600-crore initial public offer (IPO) is Rs 305-306 per share.
'The Anchor base issue size of Rs 2,400 crore (considering the total base issue size of Rs 8,000 crore), RNAM received Anchor subscription worth Rs 19,980.32 crore leading to Anchor portion being oversubscribed 8.33 times.'
