Abu Dhabi fund joins Paras Healthcare IPO investors
Arabian Post Staff -Dubai A unit of Abu Dhabi Investment Authority has secured shares in Paras Healthcare’s Rs 14.5 billion initial public offering, placing the emirate’s sovereign wealth capital among the hospital operator’s institutional backers. The Gurugram-based company opened its public subscription on Wednesday, October 21, with bidding scheduled to close on Friday. Its anchor placement,…
Abu Dhabi Investment Authority's subsidiary has allocated shares in Paras Healthcare’s Rs 14.5 billion initial public offering, positioning the emirate’s sovereign wealth fund among the hospital operator’s institutional supporters. Paras Healthcare, based in Gurugram, launched its public subscription on October 21, with bidding set to close on Friday.
An anchor placement took place on October 19, raising Rs 6.525 billion from domestic and overseas investors ahead of the public offering. The allocation included Abu Dhabi Investment Authority, along with BlackRock, Eastspring Investments and Norway’s Government Pension Fund Global.
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