Industr

CAMS IPO raises ₹666 cr. in anchor leg

Warburg Pincus-backed CAMS has raised a little over ₹666 crore from anchor investors ahead of its initial share sale that opens for public subscription on Monday.

The company has finalised the allocation of 54,19,230 shares at ₹1,230 apiece to 35 anchor investors, CAMS — which acts as a registrar and transfer agent for mutual funds — said in a filing with the stock exchanges. At this price, the company garnered ₹666.56 crore.

Names of investors include SmallCap World Fund, HSBC, Abu Dhabi Investment Authority, Goldman Sachs, Government of Singapore, and Nomura Funds Ireland Public Ltd.

Recommended for you
  1. Comments will be moderated by The Hindu editorial team.
  2. Comments that are abusive, personal, incendiary or irrelevant cannot be published.
  3. Please write complete sentences. Do not type comments in all capital letters, or in all lower case letters, or using abbreviated text. (example: u cannot substitute for you, d is not 'the', n is not 'and').
  4. We may remove hyperlinks within comments.
  5. Please use a genuine email ID and provide your name, to avoid rejection.

Printable version | Sep 20, 2020 12:27:34 AM | https://www.thehindu.com/business/Industry/cams-ipo-raises-666-cr-in-anchor-leg/article32650706.ece

Next Story