MUMBAI: Realty major Macrotech Developers, erstwhile Lodha Developers, has raised Rs 740 crore from 14 anchor investors including global long only, pension funds, sovereign wealth funds multi-strategy and domestic mutual funds.
The company has allocated 1.52 crore shares at Rs 486 per share to these anchor investors.
A total of 12 foreign portfolio investors who participated in the anchor were Capital Group; Nomura; Ivanhoe Cambridge, real estate arm of CDPQ; Wellington Asset Management; Abu Dhabi Investment Authority, Abu Dhabis sovereign fund; Platinum Asset Management, Marshall Wace, Brookfield Asset Management, Segantii Capital, York, Oxbow and Discovery.
These foreign investors were allocated around 1.45 crore shares for around Rs 705 crore.
Two domestic investors including one mutual fund were allocated around 7.3 Lakh shares for Rs 35.3 crore. These included HDFC Mutual Fund and Premji Invest, Indias largest family office.
