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The latest shareholding pattern shows that GQG\’s ownership rose 202 basis points (bps) from 2.51% in December to 4.53% in the March quarter. In the case of Adani Power, the FII\’s stake rose from 1.33% to 5.2% sequentially.
Vodafone Idea plans an Rs 18,000 crore FPO on April 18, attracting GQG Partners with $300-400 million bids. Analysts cautious due to profit concerns, low listing expectations, capex needs, 5G delay, and industry challenges.
Vodafone Idea\’s ₹5,400-crore offer to anchor investors was fully subscribed, with support from various foreign institutional investors, domestic mutual funds, and the Government of India. This fundraising effort aims to strengthen the telco\’s financial position and support its future plans.
Vodafone Idea plans an Rs 18,000 crore FPO on April 18, attracting GQG Partners with $300-400 million bids. Analysts cautious due to profit concerns, low listing expectations, capex needs, 5G delay, and industry challenges.
GQG had invested around Rs 2,400 crore for acquiring a 5.96% stake in the offer for sale of Patanjali in July 2023. The US-based investment firm has been increasing its exposure to India after investing in the Adani group. It holds positions in companies including ITC and Sun Pharmaceutical Industries.
The US-based GQG is planning to invest about $500 million, while SBI Mutual Fund is considering an investment of $200-300 million in the FPO, the report said further.