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Indostar Capital raises Rs 553.2 crore from anchor investors

Mumbai: Indostar Capital Finance on Tuesday raised Rs 553.2 ..

Mumbai: Indostar Capital Finance on Tuesday raised Rs 553.2 crore from anchor investors. The company allotted 96.7 lakh shares to 24 anchor investors at the upper end of the IPO price band of Rs 570-Rs 572 per share.

The anchor investors included BNP Paribas Arbitrage, SBI Mutual Fund, HDFC MF, Aditya Birla Sun Life MF, Sundaram MF, Fidelity, ICICI Prudential Life Insurance and Reliance MF among others. The Rs 1,844-crore issue of IndoStar Capital will hit Dalal Street on Wednesday and close on Friday.

The offering of the Everstone Capital-backed NBFC will comprise a fresh issue aggregating up to Rs 700 crore and an offer for sale of up to two crore equity shares.

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