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    Wednesday , May 04, 2016

   Anchors pump Rs 343 cr into Parag; IPO opens today

   Publication: The Hindu Business Line , Agency:Bureau
   Edition: Pune/Delhi/Chandigarh/Hyderabad/Chennai/Ahmedabad/Mumbai/Bangalore/Kolkata , Page No: 15 , Location: Middle , Size(sq.cms): 48
  

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N-NArendra 04.05 - 0034.htm
Anchors pump Rs 343 cr into Parag; IPO opens today
OUR BUREAU
Chennal, May3
Parag Milk Foods on Tuesday raised Rs 342.86 crore from anchor investors by allotting 1.51 crore shares to them at Rs 227 a share.
Anchor investors include Nomura, Morgan Stanley, Abu Dhabi Investment Authority, Tata MF, Neuberger Berman, and Quantum, among others.
The issue opens for public sub­scription from Wednesday and ends on May 6. The company has fixed a price band of Rs 220-227 a share and offers a discount of up to Rs 12 on the issue price to all eli­gible retail investors and em­ployees. While Abu Dhabi Invest­ment Authority picked up 14.24 lakh shares and Government Pension Fund Global 14.21 lakh shares, Alberta Teachers Retire­ment Fund Board lapped up 3.16 lakh shares.
The dairy firm plans to raise Rs 750 crore through the IPO.
 
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Anchors pump Rs 343 cr into Parag; IPO opens today
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Date: Wednesday , May 04, 2016
Publication: The Hindu Business Line, Agency: Bureau
Edition: Pune/Delhi/Chandigarh/Hyderabad/Chennai/Ahmedabad/Mumbai/Bangalore/Kolkata, Page No: 15, Location: Middle, Size(sq.cms): 48