Home / Business and Economy / NSE Anchor Book Surges: Global Funds Grab 43%
NSE Anchor Book Surges: Global Funds Grab 43%
17 Sep
Summary
- NSE raised ₹6,746.18 crore from over 150 anchor investors.
- Overseas funds secured 43% of shares allocated to anchor investors.
- The public offering for NSE shares is scheduled to open on Thursday.
The National Stock Exchange (NSE) successfully garnered ₹6,746.18 crore from an anchor investor share sale, with over 150 entities participating. The anchor book allocation saw significant interest from international investors, with overseas funds acquiring 43% of the shares designated for this category. These global participants included sovereign wealth funds, asset managers, and long-only funds from various continents.
Foreign portfolio investors contributed ₹2,883 crore to the anchor book, with prominent names like Singapore's GIC, Abu Dhabi Investment Authority, and Norges Bank participating. Domestic institutional investors also demonstrated strong demand, collectively investing approximately ₹3,588 crore, which constituted 53% of the anchor book. Over 25 mutual funds and 11 insurance and pension companies were among the domestic participants.
The NSE's public offering is scheduled to open on Thursday, September 19, 2024, and will close on September 21, 2024. Several existing shareholders, including LIC and the SBI group, also increased their exposure to the NSE through investments in the anchor book, underscoring confidence in the exchange ahead of the IPO.
