City
Epaper

C2C Advanced Systems Limited raised Rs 28.23 Crore via Anchor Investors Prior to IPO Launch

By ANI | Updated: November 22, 2024 13:20 IST

PNNMumbai (Maharashtra) [India], November 22: C2C Advanced Systems Limited specializes in development of complex systems for defence, homeland ...

Open in App

PNN

Mumbai (Maharashtra) [India], November 22: C2C Advanced Systems Limited specializes in development of complex systems for defence, homeland security and aerospace sectors, successfully secured a capital infusion of Rs 28.23 crore through anchor book process on November 21, 2024 just ahead of the company's scheduled IPO launch. According to the exchange filing, 8 esteemed investors participated in the anchor book offering.

These notable investors include:

1. Aarth AIF

2. Bengal Finance & Investment Pvt. Ltd.

3. J4S Venture Fund- I

4. Kingsman Wealth Fund PCC KIF - II

5. LC Radiance Fund VCC,

6. NAV Capital VCC - NAV Capital Emerging Star Fund,

7. Negen Undiscovered Value Fund

8. Shine Star Build Cap Pvt. Ltd.

C2C Advanced Systems Limited has allocated a total of12,49,200 Equity Shares to these anchor investors, with each share priced at Rs 226. This calculated pricing highlights the strong investor confidence in the company's prospects and its position in the market.

(ADVERTORIAL DISCLAIMER: The above press release has been provided by PNN.will not be responsible in any way for the content of the same)

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Open in App

Related Stories

InternationalVice President JD Vance to attend inaugural mass of Pope Leo XIV

InternationalTrump secures USD 200 billion in deals with UAE; Burj Khalifa lit up in American flag colours

NationalThree held for kidnapping minor girl in Gurugram

HealthMan in Gurugram saves three lives by donating organs

NationalMan in Gurugram saves three lives by donating organs

Business Realted Stories

BusinessPiyush Goyal urges industry to enhance safety of electrical appliances

BusinessIndia is increasingly positioned as Apple’s most viable alternative to China

Business"India is competitive hub for smartphone manufacturing," says Commerce secy after US President's suggestion to Apple boss

BusinessIndia’s exports of goods & services surge 12.7 per cent to $73 billion in April

BusinessAI video recreates Pahalgam terror attack, Operation Sindoor; screened in Srinagar's Lal Chowk