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Autocomp maker Sansera Engg raises Rs.382-Cr from anchor investors

Economic Times  

Bangalore-based auto component maker Sansera Engineering Ltd has raised INR 382 crore from anchor investors ahead of its initial share sale, which opens for public subscription today. The company has allocated 51,35,162 equity shares to anchor investors at INR 744 apiece, valuing the transaction to INR 382.05 crore. Government of Singapore, Monetary Authority of Singapore, Nomura, Abu Dhabi Investment Authority, Axis Mutual Fund (MF), ICICI Prudential MF, SBI Life Insurance Co Ltd, Max Life Insurance Company and Kuber India Fund are among the anchor investors. The initial public offering (IPO) is entirely an offer for sale (OFS) of 17,244,328 equity shares by promoters and investors. Those offering shares in the OFS are existing investors Client Ebene, CVCIGP II Employees Ebene and promoters -- S Sekhar Vasan, Unni Rajagopal K, F R Singhvi and D Devaraj.