Pine Labs IPO: B. Amrish Rau is the Chairman and Managing Director and CEO of the fintech major. (Image: NDTV Profit) Show Quick Read Summary is AI Generated. Newsroom Reviewed

Fintech company Pine Labs has secured Rs 1,754 crore from anchor investors, just a day before its initial public offering opens for subscription.

According to a circular on the BSE website, the anchor book drew strong interest from 71 global and domestic funds, including Franklin Templeton, Nomura, Morgan Stanley Asia Singapore Pte Ltd, Amundi Funds New Silk Road, Massachusetts Institute of Technology, BNP Paribas and Eastspring Investments.

On the Indian side, SBI Mutual Fund, Aditya Birla Sun Life MF, HSBC MF, Tata MF, Edelweiss MF and ICICI Prudential Life Insurance Company participated in the anchor roun

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