Plenty of chunky orders in for Reliance’s $800m QIP

India flag resized 230px
By Rev Hui
26 Jun 2014

Indian telecoms giant Reliance Communications raised Rs48bn ($800m) on June 25 via an increased qualified institutional placement that had plenty of investors putting in large orders.

Launched on June 24 with a base deal size of $500m and an increase option of $300m, the deal had no trouble attracting buyers thanks to the early momentum generated by two big anchor orders. The first was a $200m bid from a US long-only account, which ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial