US EditionAther Energy Raises Rs 1,340 Crore From Anchor Investors Ahead Of IPO
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Ather Energy Raises Rs 1,340 Crore From Anchor Investors Ahead Of IPO
Ather Energy Ltd. has raised Rs 1,340 crore from anchor investors ahead of its April 28-30 initial public offering, with domestic mutual funds picking up nearly 50% of the allocation.A total of 4,17,45,576 shares were allocated to 36 anchor investors, which included the likes of SBI Mutual Fund, Abu Dhabi Investment Authority, Franklin Templeton, Morgan Stanley, Societe Generale and ICICI Prudential. Out of the total, 2,06,85,556 shares were all…
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