Vodafone Idea raises Rs. 5400 crore from around 60 major financiers.

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Vodafone Idea said in a press release on Wednesday that it had received Rs 5,400 crore from 74 anchor investors. Among the investors are Motilal Oswal, Fidelity, Quant, Australian Super, Morgan Stanley Investment Management, UBS, GQG Partners, The Master Trust Bank of Japan, and Citigroup Global Markets.

Anchor investors received 491 crore shares from the telecom operator at a price of Rs 11 per share. US-based GQG Partners has received the greatest number of shares—26 percent of all shares allotted to anchor investors. The value of the shares is Rs 1,345 crore. About Rs 772 crore was invested in the FPO by Fidelity Investments. Additionally, Troo Capital and Australian Super plan to contribute a combined total of Rs 331 crore and Rs 130 crore.

Five domestic mutual funds received around 16.2% of the overall allocation, or Rs 874 crore, to anchor investors. The largest fund, Motilal Oswal Midcap Fund, invested Rs 500 crore.

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