HDFC AMC gets PE firm, sovereign fund on board as anchor investors ahead of IPO

Mutual fund company HDFC Asset Management Co Ltd raised Rs 731.85 crore ($106 million) on Tuesday from a bunch of anchor investors ahead of its initial public offering. India’s second-largest mutual fund company allotted 6.65 million shares at the upper end of the Rs 1,095-1,100 price band to 35 anchor investors, ......