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UTI AMC garners Rs 645 crore from anchor investors ahead of IPO

The initial public offering will open for subscription on September 29 and close on October 1.

September 29, 2020 / 02:18 PM IST

UTI Asset Management Company on September 28 has raised Rs 644.64 crore from several anchor investors ahead of its IPO opening tomorrow.

"Under anchor investors portion in the public issue of UTI Asset Management Company, 1,16,36,124 equity shares have been subscribed at Rs 554 per equity share," the company said in a circular available on the exchanges.

Marquee investors who participated in the anchor book included Morgan Stanley, Invesco Trustee, Avendus, Tara Emerging Asia Liquid Fund, Goldman Sachs, Nomura Singapore, HSBC, Kotak Funds, PGIM India, BNP Paribas MF, Max Life Insurance, HDFC Life Insurance, Valeo Global Fund and Mirae Asset.

Among others, ICICI Prudential, Principal MF, Canara HSBC, IIFL, Reliance Capital Trustee, Mahindra Manulife, Edelweiss, Elara India Opportunities Fund, HDFC MF, Sundaram MF also invested in the issue via anchor book.