Northern Arc Capital raises Rs 229 Cr from anchor investors pre-IPO

Quick Summary:

Kotak Mahindra Life Insurance Company, Goldman Sachs (Singapore), Societe Generale, and Quant Mutual Fund are among the anchor investors.

Investors have the option to bid for a lot size of 57 equity shares and in multiples thereafter.

The Rs 777-crore IPO of the Chennai-based company will open for public subscription on September 16 and conclude on September 19.

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Article Details

Author / Journalist: Press Trust of India

Category: StartupsEconomyBusiness

Markets: IndiaMauritiusSingapore

Topics: Insurance Shares Public Equity Capital Investors Crore Company Issue Northern Anchor

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-14 @ 04:24:21 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: yourstory.com

Language: English

Article Length: 428 words

Reading Time: 3 minutes read

Sentences: 26 lines

Sentence Length: 17 words per sentence (average)

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Copyright Owner: © YourStory

News ID: 22504437

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