Abu Dhabi, Norway and Singapore, in addition to global money managers such as “Black Rock” and “Videlti International”, also participated in the sale of the shares designated for the basic investors in the Indian LG Electronics unit before the start of the subscription period in the first public offer. Bankers who oversee the ‘LG Electronics India’ of $ 1.3 billion have allocated 30.5 million shares for basic investors at 1140 rupees per share, which is the top price of the declared price range, which led to the collection of 34.7 billion rupees (equivalent to $ 391 million), according to the stock exchange. The unveiling shows that the Abu Dhabi Investment Authority, Norges Bank Investment Management and Singapore Gic participated in this sale, which confirmed a Bloomberg report. The offer was also a great demand for investment funds and local insurance companies. Also read: Under the guidance of the wave. The sovereign regional cabinets are jumping to $ 2030 to $ 8.8, the list of investors also included the largest fund managers in India, including SBI Mutual Fund, and ICICI Prudential Asset Management, and “Nippon Life India Asset Management”. Without the target, this inclusion represents the highlight of a year -long road since the presentation of the presentation file in December last year, which was subject to postponement due to market fluctuations and unstable global trading conditions. With the adoption of the highest price, the value of the LG unit in India is estimated at $ 8.7 billion, a rating of less than $ 15 billion that the company targeted in December. Also read: Zuckerberg deepens the ‘dead’ and ‘LG’ alliance on the new generation devices, and this offer comes at a time when the Indian market is expected to see a record of public proposals during October, with estimates of more than $ 5 billion. The success of this listing is seen as a test for the capacity of the Indian stock market, which is $ 5 trillion, to accommodate major proposals, despite the pressure of US customs duties and poor profits, which led to a poor performance of Indian stocks compared to their counterparts in the Asian markets. LG starts tomorrow, Tuesday, in subscription requests from individual investors, with the arrow included in the local stock exchanges on October 14.
Abu Dhabi Boxes, Norway and Singapore, the sovereign of the Indian “LG” launch
