scorecardresearchLocal, overseas investors to invest ₹18,000 crore as anchor investors in LIC IPO: Report

Local, overseas investors to invest 18,000 crore as anchor investors in LIC IPO: Report

Updated: 14 Apr 2022, 12:00 PM IST
TL;DR.
  • Anchor investors are institutional investors that agree to buy shares worth at least 10 crore at a pre-agreed price in an IPO before it opens for public subscription.
According to the Mint report, domestic mutual funds may invest  <span class='webrupee'>₹</span>7,000-8,000 crore as anchor investors through their equity-oriented growth mutual fund schemes.

According to the Mint report, domestic mutual funds may invest 7,000-8,000 crore as anchor investors through their equity-oriented growth mutual fund schemes.