India, July 24 -- Brigade Hotel Ventures Ltd, a prominent hotel owner and developer in South India, has raised Rs 325 crore from anchor investors, just a day before opening its initial public offering (IPO) for public subscription.
According to a circular uploaded on the BSE website, the anchor portion received strong participation from key institutional investors, including SBI Mutual Fund, 360 One MF, Axis MF, Motilal Oswal MF, Bandhan MF, Edelweiss MF, and Nuvama MF.
The company allotted over 3.6 crore equity shares to 17 anchor investors at Rs 90 per share, taking the total funds raised through the anchor book to Rs 324.72 crore.
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