ICICI Prudential Fixed prime of life Plan-Series 53 – 1 Year Plan A

ICICI Prudential Mutual Fund has launched a new fund Offer named as ICICI Prudential Fixed Term Plan Series 53-1 Months Plan A listing of the Oberoi Realty sign was 4% of the IST 4:00 p.m. on the first day of issue today, October 6, 2010 . Oberoi Realty has set Rs 253-260 per share band for the IPO.



The Fund seeks to generate regular returns by investing in a portfolio of fixed income securities / debt instruments mature on or before the maturity of the scheme. This is a close ended income fund. Oberoi Realty on Tuesday 5 October 2010 said it has completed the distribution of 71.21 lakh shares at Rs 260 per share to 19 anchor investors to raise Rs 185 crore.

The anchor is owned by Eton Park, Alliance Bernstein, T Rowe Price, Fidelity, ICICI Prudential Mutual Fund, Birla Sun Life Mutual Fund and Reliance Mutual Fund.The company plans to use proceeds for construction of ongoing projects and planned projects, land acquisition, land development rights and general corporate purposes.