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In case of approval, the volume of MegaFon’s GDRs will grow to 155.00 million units from 123.38 million units.
Holding Garsdale, controlled by Alisher Usmanov’s USM Holdings, owns 50% plus 100 shares in MegaFon; Swedish-Finnish company TeliaSonera owns 25.17% in the operator; Megafon Investments Ltd., a 100%-owned unit of MegaFon, holds 7.57%. CEO Ivan Tavrin’s Anfimako Ltd. owns 2.50% stake in the operator, while 14.7% of shares are in a free float.