GQG Said to Invest Around $400 Million in Vodafone Idea.

GQG Partners LLC, led by Rajiv Jain, plans to invest approximately $400 million in Vodafone Idea Ltd.'s upcoming share sale. This investment is seen as a vote of confidence in the struggling Indian wireless operator, which has been facing financial losses and a declining subscriber base. The share sale, valued at $2.2 billion, will take place from April 18 to April 22. Other institutional investors are also expected to participate in the sale. The backing from GQG Partners is seen as a positive development for Vodafone Idea, as it seeks to compete with stronger rivals in the Indian telecom sector. [Extracted from the article]