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Clean Science and Technology raises Rs.464-Cr from anchor investors

Economic Times  

Pune-based speciality chemicals manufacturer Clean Science and Technology has raised INR 464 crore from anchor investors ahead of its initial public offer. The company has decided to allocate 51,55,404 equity shares to anchor investors at INR 900 apiece, which is the upper end of the price band. Among the anchor investors who participated in the bidding are: Government of Singapore, BlackRock, Goldman Sachs India, Abu Dhabi Investment Authority and BNP Paribas Arbitrage- ODI. In addition, Axis Mutual Fund, ICICI Prudential MF, HDFC MF, SBI MF, Kotak MF, SBI Life Insurance Company, ICICI Prudential Life Insurance Company and Aditya Birla Sun Life Insurance Company, among others, participated in the anchor bidding. Clean Science Technology manufactures functionally critical specialty chemicals such as performance chemicals, pharmaceutical intermediates and FMCG chemicals.