Bajaj Corp anchor investors roped in at Rs 650/share

MUMBAI: Bajaj Corporation has allotted 8.10 lakh shares to 12 investors at Rs 650 per share.

The company entered the capital market with its initial public offer of 45,00,000 equity shares of Rs 5 each in the price band of Rs 630-660 per share.

It plans use the proceeds to promote future products and acquisitions and other strategic initiatives.

Anchor investors include Reliance Capital, ICICI Prudential, Axis MF, PI Opportunities Fund, Copthall Mauritius, Templeton Mutual Fund, Franklin India and Goldman Sachs India.