Shadowfax raises Rs 850 Cr from anchor investors

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Logistics and last-mile delivery firm Shadowfax Technologies has raised around Rs 850 crore ($95 million) from anchor investors, marking a strong start ahead of the launch of its initial public offering.

According to disclosures, the Bengaluru-based company allotted close to 6.9 crore equity shares to anchor investors at Rs 124 per share, which is the upper end of the IPO’s price band. The anchor book saw participation from a mix of leading domestic mutual funds and global institutional investors.

Among domestic investors, ICICI Prudential Mutual…



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Shadowfax raises Rs 850 Cr from anchor investors


Logistics and last-mile delivery firm Shadowfax Technologies has raised around Rs 850 crore ($95 million) from anchor investors, marking a strong start ahead of the launch of its initial public offering.

According to disclosures, the Bengaluru-based company allotted close to 6.9 crore equity shares to anchor investors at Rs 124 per share, which is the upper end of the IPO’s price band. The anchor book saw participation from a mix of leading domestic mutual funds and global institutional investors.

Among domestic investors, ICICI Prudential Mutual…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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