Cemindia Projects Raises Rs 1,400 Crore in Oversubscribed QIP as Institutional Demand Surges
Cemindia Projects has raised Rs 1,400 crore through a qualified institutional placement priced at Rs 1,108 per share, with the issue oversubscribed 2.3 times over the base size. The strong response from marquee investors, including Edelweiss Life, Nuvama, and Motilal Mutual Fund, underscores institutional confidence in the company’s credit profile and growth prospects.
