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IPO

Fusion Micro Finance garners Rs.331-Cr from anchor investors

Economic Times  

New Delhi-based Fusion Micro Finance has raised a little over INR 331 crore from anchor investors ahead of its initial public offering (IPO). The company will allot 89,99,943 equity shares to anchor investors at Rs 368 apiece, aggregating the transaction size to INR 331.2 crore. Nomura, BNP Paribas Arbitrage, Aditya Birla Sun Life Mutual Fund, ICICI Prudential Mutual Fund, Edelweiss Mutual Fund, Motilal Oswal Mutual Fund, HDFC Life Insurance Company, Bajaj Allianz Life Insurance Company and Kotak Mahindra Life Insurance Company are among the anchor investors. Those selling shares in the OFS part of the IPO includeDevesh Sachdev, Mini Sachdev, Honey Rose Investment Ltd, Creation Investments Fusion, LLC, Oikocredit Ecumenical Development Co-operative Society UA and Global Financial Inclusion Fund. Net proceeds of the fresh issue will be used to augment the capital base of the microfinance firm.