India: Reliance Nippon raises $71m from anchor investors ahead of IPO

India: Reliance Nippon raises $71m from anchor investors ahead of IPO

Photographer: Qilai Shen/Bloomberg

Reliance Nippon Life Asset Management Ltd, India’s third-largest mutual fund manager, on Tuesday said it has raised Rs462.67 crore by selling shares to institutional investors as part of its anchor book allocation, a day before its initial public offering (IPO) opens.

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