Smartworks Raises INR 174 Cr From Anchor Investors

The company allocated 4.3 Mn equity shares to anchor investors at INR 407 per share

As much as 32.04% of the total anchor allotment, or 1.37 Mn shares, were lapped up by three domestic mutual funds — Tata Mutual Funds, Baroda BNP Paribas and Trust Mutual Fund

Other investors that participated in Smartworks’ anchor round were Aditya Birla Sun Life, Axis Mutual Fund, SBI General Insurance, Societe Generale and Buoyant Capital

A day before commencing the bidding for…