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    Wednesday , May 04, 2016

   Parag Milk raises Rs343 cr before IPO

   Publication: Mint , Agency:Bureau
   Edition: Mumbai/Delhi/Ahmedabad/Pune/Chandigarh/Bangalore/Chennai/Hyderabad/Kolkata , Page No: 8 , Location: Top , Size(sq.cms): 40

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Parag Milk raises Rs343 cr before IPO
New Delhi: Parag Milk Foods on Tuesday raised nearly Rs343 crore from anchor investors ahead of its initial public offering (IPO) starting Wednesday. The company allotted shares to the anchor investors atRs227apiece, the upper end of the price band fixed for the IPO. In a communication to the exchanges, Parag Milk Foods said it has alloted more than 1.51 crore shares to 17 anchor investors. At the price of Rs227 apiece, it would be worth nearlyRs343 crore. The anchor investors include Abu Dhabi Investment Authority and Alberta Teachers Retirement Fund Board, among others. The issue will close on 6 May. pti
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Parag Milk raises Rs343 cr before IPO
Date: Wednesday , May 04, 2016
Publication: Mint, Agency: Bureau
Edition: Mumbai/Delhi/Ahmedabad/Pune/Chandigarh/Bangalore/Chennai/Hyderabad/Kolkata, Page No: 8, Location: Top, Size(sq.cms): 40