International Gemmological Institute garners Rs 1,900 crore from anchor investors ahead of IPO

IGI India, backed by Blackstone, secured Rs 1,900 crore from anchor investors, including Government of Singapore and leading mutual funds, a day before its IPO. The Rs 4,225-crore IPO comprises a fresh issue and an OFS by Blackstone's affiliate. IGI plans to use the proceeds for acquisitions and general corporate purposes.