Investor Ashish Kacholia and Kotak Mahindra Life Insurance were among the investors who participated in the anchor book of Fusion CX, helping the business process solutions provider raise Rs 315 crore ahead of its Rs 702-crore initial public offering (IPO).
Kacholia, through Bengal Finance and Investment Pvt Ltd, invested Rs 20 crore in the anchor allocation, taking his total investment in the company to Rs 55 crore. Kotak Mahindra Life Insurance invested Rs 15 crore, taking its total investment to Rs 65 crore.