Bharti Hexacom anchors Rs 1,924 cr

Bharti Hexacom, a wholly owned subsidiary of telecom major Bharti Airtel, has raised Rs 1,923.75 crore from anchor investors on April 2, a day before its public offer will open for bids. This will be the first IPO in the new financial year FY25 and the first from the Bharti Group since the Bharti Infratel issue launched in December 2012.

The 97 institutional investors who had zoomed in on the anchor book, included marquee names like Blackrock Global Funds, Pictet, Smallcap World Fund, Capital Group, American Funds, Fidelity Funds and Abu Dhabi Investment Authority.Stichting Depository APG, Aberdeen, Schroder International, Treasurer of the State of North Carolina Equity Investment Fund, BNP Paribas Trust Services Singapore, Eastspring Investments, Morgan Stanley, and HSBC also turned out to be anchor investors.