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Sovereign Wealth Funds Briefing - Categorized | Asset Allocation, Market

Just Dial raises $38M from anchor investors including Temasek, half of the IPO subscribed on day 1

Posted on 21 May 2013

Just Dial Ltd, which runs the India-specific local business listings site Justdial.com, has raised Rs 208.66 crore or approximately $38 million from anchor investors, including Singapore sovereign wealth fund Temasek and asset management major Fidelity.
The Mumbai-based firm, which opened its IPO on Monday, said in a filing to exchanges that it sold 3.94 million shares to 15 anchor investors at Rs 530 per share. Just Dial said it expects to raise Rs 936.8 crore through its issue, which closes on May 22…………………………………Full Article: Source


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