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RailTel Corporation raises Rs 244 crore from 14 anchor investors


RailTel Corporation raises Rs 244 crore from 14 anchor investors
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Last Updated: Feb 16, 2021, 10:32 AM IST
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Synopsis
The company informed the bourses that it has allocated 2,59,57,446 shares at Rs. 94 per share on February 15, to the anchor investors.
Bidding for the RailTel IPO issue began from 10 am on Tuesday.
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NEW DELHI: RailTel Corporation of India Limited (RailTel), raised Rs 243.99 crore from 14 anchor investors a day prior to its issue opening for public bidding. The company informed the bourses that it has allocated 2,59,57,446 shares at Rs. 94 per share on February 15, to the anchor investors.
Foreign portfolio investors who participated were UK based Aurigin Capital via its Aurigin Master Fund and Utilico Emerging Markets Trust, Reliance Capital managed Cohesion MK Best Ideas Sub-Trust, Singapore based, Integrated Core Strategies Asia and Goldman Sachs India.

Japan , India , United-kingdom , Singapore , Nippon , Capital-markets-securities , Edelweiss-mutual-fund , Capital-markets , Equity-fund , Railtel-corporation-of-india-limited , Aurigin-master-fund

RailTel IPO Fully Subscribed on Day 1, overall 2.64 times

RailTel IPO Fully Subscribed on Day 1, overall 2.64 times

Arizona , United-states , India , United-kingdom , Singapore , Telangana , Andhra-pradesh , Secunderabad , Haryana , Aditya-birla-sun , Capital-markets-securities , Marwadi-fianncial-services