Nomura, CDPQ Arm Invest in IPO of Trump Tower India Developer
- Macrotech gets $101 million from anchor investors before IPO
- Shares allocated to 12 global investors and 2 domestic buyers
This article is for subscribers only.
Macrotech Developers Ltd. raised 7.4 billion rupees ($101 million) from investors including a unit of Nomura Holdings Inc. and the real estate arm of Canadian pension fund Caisse de Dépôt et Placement du Québec for its proposed initial public offering.
About 14.5 million shares at 486 rupees each were allocated to 12 offshore anchor investors, which also included names such as the Government of Singapore, Wellington Asset Management, Brookfield Asset Management and Abu Dhabi Investment Authority, Macrotech said in an exchange filing Tuesday. About 700,000 shares were bought by domestic firms, HDFC Mutual Fund and Premji Invest.