Affle held a strong anchor book- The Hindu BusinessLine

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Affle raises 206 crore from anchors


Affle (India) on Friday raised about 206.5 crore by selling shares to institutional investors as part of its anchor book allocation. The company has allotted 27.72 lakh equity shares at 745 a share to 15 anchor investors.

Among them are Aberdeen Asian Smaller Companies Investment, Franklin Templeton Investment, Eastspring Investments, Malabar India Fund, Goldman Sachs, Reliance MF, L&T MF, AB Mutual Fund and BNP Paribas.

Affle (India), the Indian unit of Microsoft-backed Affle Holdings, is planning to raise up to 459 crore through an IPO that will open for subscription on Monday.