Barita Investments says IPO was oversubscribed

Barita Investments is reporting that its $10 billion additional public offer which closed on September 21 was oversubscribed and that it also raised $10.78 billion.

The offer was upsized by 9.8 million shares to 134.7 million ordinary shares from 3,000 applications.

All subscribers received their requested allotment.

Barita says the money raised will be used to seek new investments.

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