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Voda Idea raises Rs 5,400 cr from anchor investors, allots 4.9 bn shares | Company News

17Apr

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Voda Idea raises Rs 5,400 cr from anchor investors, allots 4.9 bn shares | Company News

Vodafone Idea has set the price band for the FPO at Rs 10-11 per share. Shares of Vodafone Idea last closed at Rs 12.9, down 1.9 per cent from its previous close | (Photo: X@VodaIdea_NEWS)3 min read Last Updated : Apr 17 2024 | 9:00 AM IST 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 different schemes received allotments in the anchor category. US-based GQG Partners subscribed to shares worth Rs 1,347 crore—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 the 'capital raising committee' meeting of Vodafone Id...

Tata Technologies to boost India’s hot IPO market on trading debut

By Ashutosh Joshi and Filipe Pacheco India’s busy market for initial public offerings is set to get a boost as shares of Tata Technologies Ltd., the first company from the salt-to-software conglomerate to list since 2004, begin trading in Mumbai Thursday. Tata Technologies’ IPO raised Rs 3,040 crore ($365 million), with shares being sold at Rs 500 each, the top of the marketed range. Demand exceeded shares on offer by 69 times, as investors piled into the engineering unit of luxury carmaker Jaguar Land Rover’s owner Tata Motors Ltd. The sale comes as India logs a record number of listings in 2023, fueled by a booming stock market and optimism about the country’s economic growth. The frenzy reached a fever pitch last week when first-time share sales from f...

IIHL approves capital raising of up to $1.5 bn for strategic objectives

IIHL is likely to be listed by 2024 IndusInd International Holdings Limited (IIHL), the promoter of IndusInd Bank, is set to expand its business horizon in India and other nations, in the Banking Finance Services and Insurance (BSFI) sector, according to a press release by Induslnd. Ashok P Hinduja, chairman, IIHL, said that this plan will help in expanding IIHL's business and IIHL’s aspirations will not be capital constrained as raising capital for IIHL is not an issue. The IIHL Board approved the capital raising of up to $1.5 billion to meet its two strategic objectives. The ﬁrst objective of the capital raising is to increase its promoter shareholding in IndusInd Bank from 15 per cent to the proposed 26 per cent, as they are eligible to increase their shareholding ...