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Adani Wilmar raises Rs 940 crore from anchor investors ahead of IPO

Adani Wilmar Ltd said it has garnered Rs 940 crore from anchor investors, days before its IPO roll-out

Adani
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Press Trust of India New Delhi
Edible oil major Adani Wilmar Ltd (AWL) on Tuesday said it has garnered Rs 940 crore from anchor investors, days before its initial public offering (IPO) roll-out.

The company has decided to allocate around 4.09 crore equity shares to anchor investors at Rs 230 apiece, aggregating the transaction size to Rs 940 crore, according to a circular uploaded on the BSE website.

Government of Singapore, Monetary Authority of Singapore, Societe Generale, Jupiter India Fund, HDFC Mutual Fund (MF), Nippon India MF and Aditya Birla Sun Life MF are among the anchor investors.

AWL is a 50:50 joint venture company between Ahmedabad-based Adani group

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First Published: Jan 25 2022 | 9:47 PM IST

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