NSE raises Rs 6,746 cr from LIC, Goldman Sachs and others in anchor round ahead of mega IPO
The National Stock Exchange (NSE) on Wednesday garnered Rs 6,746 crore from anchor investors, including state-owned Life Insurance Corporation of India (LIC), Goldman Sachs and Fidelity, ahead of the opening of its much-awaited IPO subscription.
The National Stock Exchange (NSE) on Wednesday garnered Rs 6,746 crore from anchor investors, including state-owned Life Insurance Corporation of India (LIC), Goldman Sachs and Fidelity, ahead of the opening of its much-awaited IPO subscription.
Additionally, sovereign wealth funds GIC Singapore, Abu Dhabi Investment Authority (ADIA) and Norges Bank as well as Eastspring and HSBC Global Asset Management participated in the anchor round.
According to a circular uploaded on the BSE website, NSE allotted over 3.77 crore shares to 150 anchor investors at Rs 1,785 apiece, the upper end of its IPO price band. This takes the transaction size to Rs 6,746.2 crore.
