for FY13. A 10% stake sale in NMDC fetched the government R5,910 crore with foreign investors as also the Life Insurance Corporation and state-owned banks and financial institutions putting in substantial amounts. The earlier sale of shares of Hindustan Copper, on November 23, raised nearly R810 crore.
Early this week Care 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.