India Business News: 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%.
Adani Green Energy: GQG Partners EM Equity Fund owned 2,52,68,107 shares or 1.60 per cent stake in the company as of March 31. This was higher than 2,28,63,951 shares or 1.44 per cent stake that it held in the December quarter.
Adani stocks: GQG Partners had stakes in six Adani firms namely Adani Energy Solutions Ltd, Adani Enterprises Ltd, Adani Green Energy Ltd, Adani Ports & Special Economic Zone Ltd, Adani Power Ltd and Ambuja Cements Ltd.
Despite initial challenges, Adani Group s stocks saw significant growth post the Hindenburg report. Investments by GQG Partners, under Rajiv Jain s lead, doubled in value. The group s strategic decisions and market developments fueled this remarkable recovery.
Prominent names like Rajiv Jain s GQG Partners, Invesco Developing Markets Fund and Stitching Depositary APG Emerging Markets Equity Pool participated in Marcotech Developers QIP.