 "Shalby raises Rs 150 crore via share sale to anchor investors")
Hospital operator Shalby Ltd has allotted six million shares to its anchor investors in a bid to raise funds to the tune of Rs 150 crore. The company’s initial public offer (IPO) will be opening on Tuesday.
Among the anchor investors are Goldman Sachs, Citigroup and Axis Mutual Fund.
The company has set a price band of Rs 245 to Rs 248 per equity share. Through the IPO, Shalby is looking to raise Rs 480 crore by issuing fresh shares.
The funds will be used to repay debts and for expansion work. The IPO also comprises secondary share sale worth around Rs 25
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