Policybazaar Raises INR 2,569 Cr From Anchor Investors Ahead Of IPO
Global anchor investors included Abu Dhabi Investment Authority, Canada Pension Plan Investment Board and Blackrock
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Global anchor investors included Abu Dhabi Investment Authority, Canada Pension Plan Investment Board and Blackrock
PB Fintech has amassed Rs 2,569 crore from anchor investors. In a BSE filing late Friday, the company reported that the anchor investor (AIs) portion of the public issuance of 26,218,079 equity shares had been subscribed at Rs 980 per share
The share price of Policybazaar's parent PB Fintech in the unlisted market dropped by 36-39% to INR 1,100 - INR 1,400 on Wednesday
The fintech unicorn will raise INR 5,708.64 Cr to INR 5,951.56 Cr. The issue size is over 6.07 Cr shares with a face value of INR 2 each.