Shadowfax raises Rs 856cr from anchors

R Amin01 mins mins

<h2>Shadowfax</h2> <p> raises Rs 856cr from anchors” decoding=”async” fetchpriority=”high”/></p></div> </div> </div> </section> </div></div> </div> <p>BENGALURU: Logistics firm Shadowfax Technologies has raised Rs 856 crore from anchor investors, a day before its IPO opens for public subscription, according to a stock exchange filing.<!-- --> The company allotted 6.9 crore equity shares to 39 anchor investors at Rs 124 each, the upper end of the IPO price band.<span class=Domestic mutual funds accounted for about 53% of the anchor allocation, with shares worth Rs 455.7 crore.

Nine mutual fund houses participated through 20 schemes.

Leave a Reply

Your email address will not be published. Required fields are marked *

Related News