MUMBAI : Canada’s largest pension fund Canada Pension Plan Investment Board (CPPIB), US-based Capital Group and domestic institutional investors SBI Mutual Fund and HDFC Mutual Fund are the top anchor investors in PowerGrid Infrastructure Investment Trust (InvIT) public issue.
PowerGrid InvIT has raised nearly Rs3,480 crore from anchor investors ahead of its public issue, which opened on Thursday. It has decided to allot 348.07 million shares at Rs100 a share to 47 institutional investors.
The other anchor investors involved are Tata MF, Fidelity Funds, Tata AIA Life Insurance Company, Tata AIG General Insurance Company, SBI Life Insurance Company, UTI MF, ICICI Prudential MF, Sundaram MF, and Rainbow Investments Ltd.
