Zetwerk’s strong anchor book signals global confidence

"Zetwerk Manufacturing Businesses has attracted a strong mix of global asset managers, sovereign wealth funds and domestic institutions to its Rs 2,251 crore anchor book ahead of its initial public offering (IPO), with Capital Group emerging as one of the notable names in the allocation. Two arms of Capital Group — Capital Research and Capital World — received an allocation worth around Rs 288 crore, accounting for nearly 12.88% of the total anchor book. The US-based asset manager is among…