New Delhi, July 24 -- Brigade Hotel Ventures Ltd, a hotel owner and developer in South India, has raised Rs.324.7 crore from anchor investors ahead of its IPO opening for public subscription.

According to the exchange filing, notable investors like SBI Mutual Fund, 360 One MF, Axis MF, Motilal Oswal MF, Bandhan MF, Edelweiss MF, and Nuvama MF participated in the anchor book.

The company allocated over 3.6 crore shares to 17 institutional investors at Rs.90 each, totaling Rs.324.72 crore.

Out of the total allocation of 3.6 crore equity shares to the Anchor Investors, 2,54,88,636 Equity Shares (i.e. 70.64% of the total allocation to Anchor Investors) were allocated to 6 domestic mutual funds through a total of 12 schemes.

Brigade Hotel ...