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Vodafone Idea raised about ₹5,400 crore from anchor investors including GQG Partners, Fidelity Investments, UBS Fund Management, Jupiter Fund Management, and Australian Super, besides Indian investors such as India Infoline, Motilal Oswal, HDFC Mutual Fund, SBI General Insurance and Quant.......

In a statement to exchanges in the early hours of Wednesday, the No 3 carrier said it had finalised the allocation of 491 crore shares to anchor investors at ₹11 apiece. US-based GQG Partners has been allocated the highest number of shares, worth ₹1,345 crore, while Fidelity Investments has invested about ₹772 crore in the FPO. Troo Capital and Australian Super will be investing ₹331 crore and ₹130 crore, respectively. Of the total shares, 16.20% amounting to ₹874 crore were allocated to five domestic mutual funds, led by Motilal Oswal Midcap Fund which invested ₹500 crore. Executives of the third largest telecom services provider have been doing roadshows since Monday following the announcement of ₹18,000 crore follow-on offer, the largest FPO by an Indian company to date. The anchor investor sentiment is an indication of the demand and a pre-cursor for the interest it may see among retail investors," a senior executive said, asking not to be named. The FPO has been priced at ₹10-11 per share and will open for retail investors from 18 April to 22 April. The minimum bid lot for subscription has been fixed at 1,298 equity shares. The proceeds of the offer are crucial for the telco which will roll out 5G services in six to nine months, to offer 5G within 24-30 months to the geographies that contribute 40% of its revenues. The carrier remains the only private company to not have 5G services on offer, unlike Airtel and Reliance Jio. The cash-strapped telco will use ₹12750 crore network expansion till FY26, of which ₹5,720 crore will be used to set up 22,000 5G sites and the rest for setting up 26,000 new 4G sites, upgrading existing 4G sites and for general corporate purposes. It owes ₹2170 crore to the government in FY25 as an installment for spectrum bought in a previous auction, and proceeds of the FPO will be used for this payment as well. The Indian government, the single-largest shareholder in Vodafone Idea with a 32% holding, would see its share in the telco drop to about 24% following the FPO. Analysts at BofA Securities said that promoter shareholding could fall to about 38% from 50.3% now.

list of anchor investors and domestic mutual fund uploaded on BSE site, regards