CL Educate today raised nearly Rs 72 crore from anchor investors by issuing shares at a price of Rs 502 apiece.
Kaustubh Belapurkar, Director-Manager, Research, Morningstar India, believes that mid and small caps funds, which have outperformed large caps by a great extent in the last 3-5 years, have returned better value for investors, depending on risk profile.
Suresh Venkatachari of 8K Miles says total warrant size is Rs 55 crore and it will be utilized for funding Serj Solution acquisition and organic growth. The company has already started the integration of Serj Solution.