A joint venture company between Canara Bank and ORIX Corporation Europe N.V., Canara Robeco AMC Ltd. has raised Rs 397 crore from over 15 anchor investors ahead of its IPO opening for subscription. The company has approved the issuance of 1.49 crore equity shares to eligible anchor investors at a price of Rs 266 per share, which is fixed as the upper end of the price band.

The Nippon Life India Trustee Ltd., through the Nippon India Smallcap Fund, has received the lion's share of the anchor book allocation, with over 13.16 lakh shares, at an investment of Rs 39 crore. Meanwhile, the Aditya Birla Sun Life Banking and Financial Services Fund, Axis Small Cap Fund, DSP Banking Fund, and SBI PSU Fund are included in the list of large anchor allocations.

Join PSU Connect on WhatsApp now for qu

See Full Page