Cemindia Projects’ Rs 1,400-crore QIP oversubscribed 2.3x; Edelweiss Life, Nuvama, Motilal MF among investors
60-Word AI Digest
Cemindia Projects raised Rs 1,400 crore through a qualified institutional placement priced at Rs 1,108 per share, attracting 2.3 times demand over the base issue. Leading mutual funds participated as the company secured strong credit ratings and shares rallied.
Key Takeaways
- Cemindia Projects raised Rs 1,400 crore through a qualified institutional placement priced at Rs 1,108 per share, attracting 2.3 times demand over the base issue.
- Leading mutual funds participated as the company secured strong credit ratings and shares rallied.
- Full details and original dispatch available below.
Cemindia Projects raised Rs 1,400 crore through a qualified institutional placement priced at Rs 1,108 per share, attracting 2.3 times demand over the base issue. Leading mutual funds participated as the company secured strong credit ratings and shares rallied.
Original Publisher Attribution
This summary was curated from Economic Times.