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Indian telecom operator Vodafone Idea said on Friday it would raise up to 180 billion rupees ($2.16 billion) later this month through a sale of ......
U.S.-based GQG, run by India-born executive Rajiv Jain, plans to invest about $500 million, while SBI Mutual Fund is considering an investment of $200-300 million in the follow-on public offering, said both people, who declined to be named as the plans are confidential.
Mumbai: Telecom stocks fell up to four percent on Thursday after the government fixed the base price for 3G spectrum auction at Rs 3,705 crore per mega hertz. Reacting to this, Bharti Airtel shares lost 2.8 percent to Rs 363.25 on the BSE. Similarly, Idea Cellular fell by four per cent to Rs 159.30. Eyeing
It previously announced on Friday that the sale of fresh shares will take place between April 18 and April 22.
GQG aims to invest around $500 million, with SBI Mutual Fund looking to make an investment ranging from $200 million to $300 million in the FPO.