Bain Capital, GIC participate in Kalpataru Projects’ Rs.708-Cr anchor placement

Mumbai-headquartered EPC firm Kalpataru Projects International Ltd (KPIL) has raised INR 708 crore from anchor investors including private equity investor Bain Capital (via GSS Opportunities Investment) and its Singapore-based co-investor GIC. A total of over 1.71 crore shares have been allotted to nine anchor investors, including domestic financial institutions, at INR 414 per equity share, the upper end of the IPO price band.