Vodafone Idea’s Rs 18,000 crore FPO fully subscribed with strong global institutional investors’ interest

Vodafone Idea FPO: Vodafone Idea’s Rs 18,000 crore follow-on public offer (FPO), the largest in India’s history, was fully subscribed on the third day. Global institutional investors like GQG, Capital Group, and Fidelity Investments showed high interest in the telecom company. The section for qualified institutional buyers (QIBs) was subscribed 1.23 times, non-institutional investors (NIIs) 1.93 times, and the retail segment 42%.

An ET report by Rajesh Mascarenhas mentioned that Rajiv Jain’s GQG Partners, which had previously invested almost Rs 1,350 crore in Vodafone Idea’s anchor book, continued to support the company’s FPO. Other significant foreign institutional investors, such as Capital Group and Fidelity Investments, also subscribed to the FPO, according to banking sources.