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    Blackstone backed International Gemmological garners Rs 1,900 crore from anchor investors

    Author AvatarBy Patrick Butler No Comments 4 Mins Read

    Blackstone-backed diamond grading firm International Gemmological Institute (India) Ltd on Thursday mobilized Rs 1,900 crore from anchor investors, a day before the opening of its initial share-sale for public subscription.

    Some of the marquee investors include Government of Singapore, ICICI Prudential Mutual Fund, Axis Mutual Fund, Abu Dhabi Investment Authority, Nomura, SBI Life Insurance and SBI General Insurance etc, according to a circular uploaded on BSE’s website.

    According to the circular, International Gemmological allotted nearly 4.56 crore equity shares to 68 funds at Rs 417 apiece, which is also the upper-end of the price band. This aggregates the transaction size

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    He is a distinguished financial analyst with a wealth of experience in the Forex and cryptocurrency markets. With a career spanning over 15 years, Patrick has honed a keen understanding of market dynamics, using both technical analysis and macroeconomic insights to forecast trends and identify opportunities. His work is characterized by a meticulous attention to detail and an ability to simplify complex concepts, making him a respected authority for both institutional investors and individual traders. Patrick’s analytical depth and pragmatic approach have earned him recognition as a trusted expert in the ever-evolving world of finance.

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