MTAR Tech raises $24m from 15 anchor investors ahead of Indian IPO

MTAR Tech raises $24m from 15 anchor investors ahead of Indian IPO

IPO

Hyderabad-based MTAR Technologies raised 179 crore from 15 anchor investors a day prior to its issue opening for public bidding. The company informed the bourses that it has allocated 3.11 million shares at Rs. 575 per share on 2 March, to the anchor investors.