Public Company

Ackruti City raises Rs 302 cr through QIP issue

Realty player Ackruti City has raised over Rs 302 crore through the issue of over 60 lakh equity shares by way of institutional placement basis. - Glenmark plans to raise Rs 300-350 cr through QIP - Ackruti City QIP to open on Sept 3 - S Kumars Nationwide shareholders okays QIP issue - Ackruti City Q1 net profit dips 95% to Rs 7.20 cr - Shree Renuka Sugars raises Rs 506 cr via QIP issue - Hindalco plans to raise Rs 2,400 cr via QIP The QIP committee of the board of directors of the company at its meeting held yesterday has issued and allotted over 60.35 lakh equity shares at Rs 501 each, aggregating to Rs 303.40 crore, the company said in a filing to the Bombay Stock Exchange. The QIP issue had opened on September 3. Consequent to the issue and allotment of the equity shares, the issued, subscribed and paid-up equity capital of the company stands increased to 72.73 crore from 66.70 crore. Shares of Ackruti City finally settled for the day at Rs 555.95, down nearly 2 per cent on the BSE, after touching its intra-day high of Rs 574.70.

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