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Several institutional investors picked up the shares, including Goldman Sachs, Morgan Stanley, Societe Generale, Kotak Securities, Tata Mutual Fund and BNP Paribas.
Nearly 47% of the total anchor allocation went to 12 domestic mutual funds across around 30 schemes.
The development comes few days after PB Fintech co-founders Yashish Dahiya and Alok Bansal dumped Rs 900 crore worth of shares.
The fresh capital will help xAI to develop its AI solutions including one of the world's largest data center and its flagship Grok platform.
PhonePe has reportedly onboarded Kotak Mahindra Capital, JP Morgan, Citi and Morgan Stanley to kick off its IPO.
