Mahanagar Gas raises Rs. 309.36 crore from anchor investors

The company sold 7.34 million shares to 25 institutional investors at Rs.421 per share.

Jun 21, 2016 07:06 IST India Infoline News Service

IPO
Mahanagar Gas Ltd raised Rs.309.36 crore by allotting shares to anchor investors.
The company sold 7.34 million shares to 25 institutional investors at Rs.421 per share.
The public issue will open today and will close on 23 June.
Some of the major foreign and domestic Anchor Investors are BNP Paribas, Morgan Stanley, DB International Asia Limited, Abu Dhabi Investment Authority-  Merrill Lynch Capital Market, DSP BlackRock,  SBI Life Insurance Company, ICICI Prudential MF, Kotak MF, Birla Sun Life MF, Franklin Templeton Investment Funds, UTI, Sundaram Mutual Fund and other.

GAIL (India) and BG Asia own 45% each in MGL.

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