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Antony Waste Handling Cell garners Rs 90 crore from anchor investors ahead of IPO
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Antony Waste Handling Cell garners Rs 90 cr from anchor investors ahead of IPO
New Delhi, Dec 19: Antony Waste Handling Cell Ltd on Saturday said it has raised Rs 90 crore from anchor investors ahead of its initial share-sale, which will open for public subscription on Monday.
The company allotted 2,857,003 equity shares at Rs 315 apiece to 10 anchor investors to raise Rs 89.99 crore, Antony Waste Handling Cell said in a statement.
The anchor investors include Massachusetts Institute of Technology, Tata AIG General Insurance Company Ltd ,SBI Equity Savings Fund and SBI Infrastructure fund, among others.
The IPO comprises fresh issuance of shares worth Rs 85 crore and an offer-for-sale of 68,24,993 equity shares by existing shareholders.