Cello world raises ₹567 crore from anchor investors
Summary
Mumbai: Cello World has raised 567 crore from anchor investors ahead of its initial public offering that opens for public subscription on October 30. The company on Friday informed the bourses that it allocated 8.75 million shares at 648 per share to anchor investors.Foreign and domestic Institutions who participated included ICICI Prudential, Motilal Oswal, Goldman Sachs, Nomura, SBI Life Insurance HDFC life Insurance , BNP Paribas, All Spring Global, Morgan Stanley, TATA India Consumer Fund, Quant, CLSA Global, Aditya Birla Sun Life, Edelweiss Reliance General Insurance, Invesco, Kotak Optimus, Bajaj Alliance and others.Amid the widespread weakness in technology stocks, US cyber security provider Palo Alto Networks has emerged as a dark horse, with its stock rallying 72% so far this year, and 288% in the last five years wowing Wall Street as it broke into the S&P 500 Index in June this year.Hindustan Unilevers managing director Rohit Jawa has told ET that the Centres progressive and reformer mindset, manifest in New Delhis economy-anchored policy thrust and commentary, should bring considerable overseas funds into India a demonstrated growth outlier in an inflation-ravaged world struggling to come to grips with geopolitical uncertainties.Petroliam Nasional Bhd, Singapore sovereign wealth fund GIC and the founders of Greenko Energy Holdings are investing $2 billion in AM Green, a platform thats being established for green molecules, including green hydrogen, green ammonia and other chemicals.Learn more about our print editionExperience Your Economic Times Newspaper, The Digital Way!Download The Economic Times News App to get Daily Market Updates & Live Business News.