News From Press Reliance AMC allots anchor shares worth Rs 463 crore

Reliance AMC allots anchor shares worth Rs 463 crore

Source: Business Standard Oct 25, 2017

Reliance Nippon Life Asset Management Company (AMC) on Tuesday allotted shares worth Rs 463 crore to two dozen institutional investors in the anchor category.

Reliance Nippon AMC’s Rs 1,540-crore initial public offering (IPO) opens for subscription on Wednesday.

The price band for the maiden offer is Rs 247-252 per share. The company has finalised allotment of 18.6 million shares at Rs 252 apiece.

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