Oberoi Realty ropes in anchor investors at Rs 260/sh

MUMBAI: Real Estate major Oberoi Realty, which is tapping the primary market to raise funds to develop projects and acquire land or land development rights, has issued shares 71.21 lakh shares to anchor investors at a price of Rs 260 per share (higher end of the price band).

These investors include Fidelity Fund, Sanford C Bernstein Fund, Treasurer of the State of North Carolina Equity Investment, Alliance Berstein India Growth Fund, ACM Berstein, Mirae Asset Investment, ETON Park Intl, PCA India Equity, ICICI Prudential, Birla Sun Life, T Rowe Price, Royal Bank of Scotland and Reliance Capital.

The issue closes Friday.

The book running lead managers to the issue are Kotak Mahindra Capital Co Ltd, Enam Securities Pvt Ltd, JP Morgan India Pvt Ltd and Morgan Stanley India Co Pvt Ltd. Link Intime India Pvt Ltd is the registrar.