Cemindia Projects' Rs 1,400 Crore QIP Oversubscribed 2.3 Times
Cemindia Projects raised Rs 1,400 crore through a qualified institutional placement (QIP) priced at Rs 1,108 per share. The issue attracted 2.3 times demand over the base issue. Leading mutual funds including Edelweiss Life, Nuvama, and Motilal Oswal participated. The company secured strong credit ratings and its shares rallied following the placement.
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