Anand Rathi Wealth secures funding from 12 anchor investors
Ahead of its initial share sale that opens for public subscription on Thursday, non-bank wealth solutions firm Anand Rathi Wealth has garnered ₹ 193.87 crores from anchor investors.
The company has allocated 35,25,000 shares at ₹ 550 per share to anchor investors, the company informed the bourses on Wednesday.
“SBI Mutual Fund, ICICI Pru Mutual Fund, Franklin Templeton Mutual Fund, DSP Mutual Fund, Kotak Mutual Fund, Invesco Mutual Fund, Canara Robeco Mutual Fund, Nippon mutual Fund, Abakkus, Quant Mutual Fund, MK Cohesion and Rajasthan Global are among the investors that participated in the anchor book,” it said in a statement.
Through schemes amounting to ₹ 173.69 crores or 89.59 per cent of the total anchor book size, 31,58,022 equity shares were allocated to mutual funds out of the total allocation of ₹ 35,25,000 equity shares to anchor investors.
The company is AMFI registered mutual fund distributor and has commenced activities in fiscal 2002.
The company has allocated 35,25,000 shares at ₹ 550 per share to anchor investors, the company informed the bourses on Wednesday.
“SBI Mutual Fund, ICICI Pru Mutual Fund, Franklin Templeton Mutual Fund, DSP Mutual Fund, Kotak Mutual Fund, Invesco Mutual Fund, Canara Robeco Mutual Fund, Nippon mutual Fund, Abakkus, Quant Mutual Fund, MK Cohesion and Rajasthan Global are among the investors that participated in the anchor book,” it said in a statement.
Through schemes amounting to ₹ 173.69 crores or 89.59 per cent of the total anchor book size, 31,58,022 equity shares were allocated to mutual funds out of the total allocation of ₹ 35,25,000 equity shares to anchor investors.
The company is AMFI registered mutual fund distributor and has commenced activities in fiscal 2002.
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