The collective assets under management (AUM) of MNCL currently stand at over 1,000 crore, the fund said. MNCL is also likely to launch a Portfolio Management Service (PMS) during this fiscal year.
Monarch AIF, wholly owned asset management arm of Monarch Networth Capital Ltd has announced the successful pre closure of its maiden CAT-3 long only equity scheme.
Stove Kraft Limited raises ₹185.68 crore from 32 anchor investors at an upper price band of ₹385 per equity share
Posted On: 2021-01-23 06:54:36 (Time Zone: Arizona, USA)
Stove Kraft Limited, one of the leading brands for kitchen appliances in India and one of the dominant players for pressure cookers and amongst the market leaders in the sale of free standing hobs and cooktops (Source: F&S Report, sponsored by the Company), allotted 48,22,890 equity shares to 32 anchor investors and raised ₹185.68 crore ahead of the company s proposed IPO at an upper price band of Rs 385 per equity shares.
The anchor allocation as follows:
Nippon Life India Trustee Ltd - A/C Nippon India Small Cap Fund - 10.77%