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...