LG Electronics India’s IPO Attracts Abu Dhabi, Norway Funds (1)

The sovereign wealth funds of Abu Dhabi, Norway and Singapore and global money managers including BlackRock Inc. and Fidelity International Ltd. participated in the anchor share sale of LG Electronics Inc.’s Indian unit ahead the start of bidding period for its initial public offering.

Investment bankers working on LG Electronics India Ltd.’s $1.3 billion IPO allocated 30.5 million shares to the anchors at 1,140 rupees each, the top of the marketed range, raising 34.7 billion rupees ($391 million), according to an exchange filing.

Abu Dhabi Investment Authority, Norges Bank Investment Management and GIC Pte participated in anchor ...