| Blue Star has completed a fundraise of Rs 1,000 crore, through a Qualified Institutional Placement (QIP) of equity shares. The first-ever QIP transaction of the Company has witnessed a strong response from marquee foreign portfolio investors, sovereign wealth funds and top domestic institutional investors.
The QIP has inter alia attracted global funds like Norges, Fidelity, ADIA, Goldman Sachs etc. while existing investors like First State and HSBC Global continue to repose faith in management and Company.
Besides global funds, top leading domestic funds like SBI MF, Kotak MF, HDFC MF, Nippon MF, Aditya Birla MF, and Insurance Companies like SBI Life, HDFC Life and ICICI Pru Life have invested, and in some cases built on the positions already held by them. |