Equitas Raises ₹ 652 cr from An­chor In­vestors

The Economic Times - - Companies -

Equitas Hold­ings, the small finance bank li­cence holder, has roped in sev­eral do­mes­tic in­vestors such as Franklin Tem­ple­ton Mu­tual Fund, Birla Sun Life Mu­tual Fund, SBI Mu­tual Fund, UTI Mu­tual Fund, ICICI Pru­den­tial Mu­tual Fund, HDFC Stan­dard Life In­surance Com­pany, Ko­tak Mu­tual Fund and Re­liance Life In­surance Com­pany among oth­ers as an­chor in­vestors in its pre-is­sue share sale. The com­pany on Mon­day said it has raised about ₹ 652 crore from an­chor in­vestors at the top-end of the price band at ₹ 110 apiece. The is­sue will close on April 7.

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