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Last Updated : Mar 18, 2015 01:30 PM IST | Source: Moneycontrol.com

Inox Wind gets Rs 306 cr from anchor investors

INOX Wind has finalised the allocation of 94,25,467 equity shares at Rs 325 per equity share (upper end of the price band) aggregating to Rs 306 crore to 16 anchor investors.

 
 
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INOX Wind has finalised the allocation of 94,25,467 equity shares at Rs 325 per equity share (upper end of the price band) aggregating to Rs 306 crore to 16 anchor investors.


The list of anchor investors include Sundaram Mutual Fund, IDFC Fund, FIL Investments (Mauritius), SBI Infrastructure Fund, Grandeur Peak Global Reach Fund, Blackrock India Equities Fund (Mauritius), Reliance Capital Trustee Company, Morgan Stanley Investment Management, Tata AIA Life Insurance Company, Birla Sun Life Insurance Company, Kotak Fund, Goldman Sachs India Fund, Swiss Finance Corporation (Mauritius) and Indus India Fund (Mauritius).


The company promoted by Gujarat Fluorochemicals, will open its public issue on Wednesday, March 18. The issue consists of a fresh issue of equity shares aggregating up to Rs 700 crore and an offer for sale of 1 crore shares by Gujarat Fluorochemicals.


The issue includes a reservation of 5 lakh shares for subscription by eligible employees on a competitive basis.


The price band is fixed from Rs 315 to Rs 325 per equity share. The issue will close on March 20, 2015. The minimum bid lot is 45 equity shares and in multiples of 45 equity shares thereafter.


The company has decided to offer a discount of Rs 15 to the issue price to eligible employees and retail investors.


The equity shares are proposed to be listed on the BSE and the NSE.

The global coordinators and book running lead managers to the issue are Axis Capital Limited, DSP Merrill Lynch Limited and Edelweiss Financial Services Limited and the book running lead manager is YES Bank

First Published on Mar 17, 2015 10:57 pm
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