Deal Details
- Largest QIP transaction in the Metals and Mining Sector in India
- Deal received an overwhelming response across investor categories and was fully subscribed multiple times
- ~70% of book was allocated to LO Investors
Contribution
- With this QIP, Nuvama has successfully closed the 5th transaction* w.r.t Vedanta Groupbeing the “Banker of Choice”
- This is Nuvama’s 5th INR 10,000mn+ QIP transaction in last ~9 months
- Nuvama led the demand mobilization and garnered participation from a diverse investor set including Marquee ‘Long Only’ FIIs, Mutual Funds, Insurance Companies, Family Offices and Multi-Strategy Funds
- Highest number of investors converted (53%)
- Highest number of ‘Long Only’ investors converted (66%)