Bharti Infratel IPO sails through on FII tailwind

Dec 15 2012, 01:22 IST
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SummaryThe initial public offering of Bharti Infratel — the largest since Coal India hit the markets more than two years ago — closed successfully on Friday thanks to strong interest from institutional investors.

Ratings and PC Jeweller successfully raised R540 crore and R609 crore, respectively. Both the issues were oversubscribed with institutions and and HNIs applying for shares.

Bharti Infratel has also allocated 2.8 crore shares to 18 anchor investors at R230 per share amounting to R651 crore. The anchor investors included Alliance Bernstein, Battery March, Clough Capital, Columbia Wagner, Morgan Stanley, Route One Capital and Sundaram MF.

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