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Home First Finance garners Rs 346 cr from anchor investors ahead of IPO
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Last Updated: Jan 20, 2021, 10:49 PM IST
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A total of 66,81,766 shares have been allotted to 25 anchor investors at Rs 518 per share, the upper end of the price band.
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Mortgage financier Home First Finance Company (HFFC) on Wednesday raised a little over Rs 346 crore from anchor investors, ahead of its initial share-sale, which will open for public subscription on Thursday.
A total of 66,81,766 shares have been allotted to 25 anchor investors at Rs 518 per share, the upper end of the price band. At this price, the company raised Rs 346.11 crore, according to a BSE circular.
The RBI on Tuesday said state-owned SBI, along with private-sector lenders ICICI Bank and HDFC Bank continue to be Domestic Systemically Important Banks (D-SIBs) or institutions that are too big to fail .
India Business News: HDFC Bank has indicated in its conference call with analysts that the lender might not complete fixing its back-end IT issues during the current fisca
A total of 23,35,020 shares have been allotted to 25 anchor investors at Rs 1,490 apiece, which is the upper end of the price band, the company said in a statement.