GQG Said To Invest Around $400 Million In Ailing Vodafone Idea

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Individual: Michael Bloomberg

Private Equity: The Vanguard Group

GQG Said To Invest Around $400 Million In Ailing Vodafone Idea

(Bloomberg) -- Rajiv Jain’s GQG Partners LLC is looking to invest around $400 million in Vodafone Idea Ltd.’s share sale that starts later this week, according to people familiar, in a vote of confidence in the unprofitable Indian wireless operator.GQG will place bids for equity worth at least $300 million and as much as $400 million in a follow-on public offer being floated by the joint venture between Vodafone Group Plc and the Aditya Birla Gr…