Vodafone Idea’s Rs 18,000 cr FPO may attract big investors. Is it worth your money?

Debt-ridden telco Vodafone Idea (VI), which has been plagued by losses and subscriber erosion, is coming up with a follow-on public offer (FPO) on April 18. The Rs 18,000 crore share sale is expected to attract some marquee investors including GQG Partners, Morgan Stanley Investment Management, AustralianSuper, Fidelity among others. Bloomberg reported that GQG will … Read more

Vedanta block deal: Big block deal in Vedanta. Is GQG buying stake from promoter?

A day after it was reported that US-based GQG Partners is in talks to buy a stake in Vedanta, a big block deal in which more than 2% equity changed hands worth over Rs 2,600 crore was reported in the counter on Thursday. The final talks for a potential stake sale worth over $1 billion … Read more