Deciding two connected writ petitions arising from a common Industrial Tribunal Award, the Delhi High Court set aside the Tribunal's direction granting hotel workmen a further…
ArisInfra Raises INR 225 Cr From Anchor Investors
ArisInfra, an infrastructure solutions company, has successfully raised Rs 225 crore from anchor investors ahead of its Initial Public Offering (IPO). The anchor investor round saw participation from several prominent domestic and international institutional investors. The strong demand from anchor investors is a positive signal and often builds momentum for the main public issue. An anchor investment round is a process where a company allots shares to institutional investors at a fixed price a day before the IPO opens to the public. This helps in discovering a benchmark price for the issue and boosts the confidence of retail investors. The capital raised from the anchor placement will contribute to the total funds being raised by ArisInfra to finance its expansion plans, working capital requirements, and other general corporate purposes.