Five Star Business raises Rs 588 cr from 16 anchor investors

Five Star Business Finance has raised 588 crore from 16 anchor investors ahead of its IPO. The Chennai-based NBFC said it had allocated 12.4 million shares at 474 apiece to anchor investors. They included Capital Research, Fidelity Investments, ADIA, Norges Bank, Carmignac Gestion, White Oak, Malabar Investments, Bay Capital and Segantii, Enam, SBI Life, HDFC MF, Baroda BNP, Edelweiss MF, Mirae, and Gee Cee Ventures among others.