Aditya Birla Sun Life AMC allots shares worth Rs 789 cr to anchor investors

Aditya Birla AMC is looking at valuations of Rs 20,500 cr in its IPO-the fourth by a domestic mutual fund house

Aditya Birla Sun Life Asset Management Company (AMC) on Tuesday allotted shares worth Rs 789 crores to anchor investors. The AMC allotted nearly half of the anchor investor portion to eight domestic mutual funds. The domestic funds which were allotted shares include ICICI Prudential, HDFC Mutual Fund, SBI, Axis, Invesco India, UTI, Kotak and Edelweiss. The other prominent anchor investors include Abu Dhabi Investment Authority, HSBC, Morgan Stanley Asia, amongst others.

Aditya Birla AMC is looking at valuations of Rs 20,500 crore in its initial public offering (IPO)—the fourth by a domestic mutual fund house.

The price band is Rs