Global retirement funds back Glenmark Life Sciences

© Provided by The Times of India

Mumbai: Retirement funds of IMF, Boeing and Lockheed Martin are among a clutch of investors that picked up a little over 63 lakh shares of IPO-bound Glenmark Life Sciences for a total consideration of Rs 454 crore.

The other marquee investors that came into the offering as anchor investors were the Norwegian pension fund, Vanguard and HSBC, a notice on the BSE showed.

The company is eyeing about Rs 1,550 crore from the IPO which is set to open on Tuesday at a price band of Rs 695 to Rs 720. The 19 anchor investors came in at the upper end of the price band. The offer will close on July 29.

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