Tejas Networks raises Rs 3.5 billion from IPO

Tejas Networks has raised Rs 3.5 billion from 17 anchor investors through the allotment of 13.5 million shares. The move is a part of the company’s IPO which opened on June 14, 2017 and closed on June 17, 2017. The anchor investors include the Abu Dhabi Investment Authority, East Bridge Capital Master Fund Limited, Amansa Holdings, the Reliance Capital Trustee Company, among others. These investors were allotted the shares at the upper end of the IPO price band of Rs 250-Rs 257 per share. Meanwhile, the company plans to raise Rs 7.76 billion through the IPO, which is a mix of fresh issue and offer for sale by existing investors.


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