Sadbhav Infrastructure Project raises Rs 210-cr from anchor investors
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31 Aug 2015
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Sadbhav Infrastructure Project has raised Rs 210 crore from anchor investors, ahead of its initial public offering (IPO), reported PTI. The company alloted 2.04 crore equity shares at a price of Rs 103 aggregating Rs 210 crore, the company said in a statement. The anchor investors are HDFC Mutual Fund, Tata MF, Nomura MF, Morgan Stanley, Amansa, Tata AIA Life and SBI MF. Sadbhav plans to raise Rs 425 crore through fresh issue of equity shares and an offer for sale of up to 32.36 lakh equity shares by existing investors including the anchor investors' portion. The price band has been fixed at Rs 100-103 a share. The IPO, which opens on August 31, would close on September 2. The funds raised through the issue would be utilised for repayment of loans, equity investment and advancing of subordinate debt to its subsidiary Shreenathji Udaipur Tollway Pvt Ltd (SUTPL)and part financing of the SUTPL Project. |
| Source: Dion Global Type: IPO Related |
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