Tree House Education & Accessories obtained 17cr from anchor investors

Tree House Education & Accessories has obtained commitment of greater than Rs 17cr from anchor investors.
The firm in discussion with book running leading_managers has finalised_allocation of 12,64,828 equity stocks to 3 anchor investors, that are Increasing India Focus_Fund (50percent portion), Axis Mutual Fund and Axis Midcap Fund.

They’ve subscribed for anchor_book of the Initial public offering at lowerend of price band of Rs 135-153 for every equity share. It appears that other investors such as qualified_institutional buyers, non_institutional as well as retail investors may place in bids at Rs,135 a stock.

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