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DQ Entertainment allots shares to anchor investors
Animation and gaming firm DQ Entertainment (International) Ltd said on Friday it has allocated 2.8 million shares at Rs 80 each for its initial public offer to raise up to Rs 1.28 billion.
Animation and gaming firm DQ Entertainment (International) Ltd said on Friday it has allocated 2.8 million shares at Rs 80 each for its initial public offer to raise up to Rs 1.28 billion.
It has allocated the shares to IDFC Small and Midcap Equity Fund, T Rowe Price International Discovery Fund, Birla Sunlife Equity Fund, Birla Sun Life MIP II - Savings 5 Plan, Morgan Stanley ACE. Fund, Axis Tax Saver Fund and Axis Equity Fund, it said in a press release.
The company has set a price band of Rs 75-80 a share for the issue, which would constitute 20.24% of the post-issue capital, it said in a statement.
The funds raised from the issue will be used for investment in co-production deals, development of production units and office facilities, investment in its Ireland unit and for general corporate purposes.
