Strong anchor book subscription shows confidence in long term business plans: Vodafone Idea CEO

Mumbai: Strong subscription of Vodafone Idea’s (Vi) share sale by anchor investors from foreign institutions, Indian fund houses and insurance companies shows their confidence in long-term business plans of the company, chief executive Akshaya Moondra said.

“The anchor book has been strong. We have GQG, Fidelity Management Research, UBS, RWC as the main foreign investors. In India, we have HDFC Mutual Fund, Motilal Oswal Mutual Fund and Quant Mutual fund. And in addition, we also have life insurance companies like SBI General and ICICI Pru Life. There are some which show interest from the HNI segment,” he told ET.