India: Tejas Networks raises $54.3m from anchor book allocation

India: Tejas Networks raises $54.3m from anchor book allocation

Photo: Priyanka Parashar/Mint

Telecom equipment maker Tejas Networks Ltd Tuesday said it has raised Rs349.5 crore by selling shares to investors as part of the so-called anchor book allocation, a day ahead of the opening of its initial public offering (IPO).

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