The Economic Times

Cemindia Projects Rs 1,400-crore QIP oversubscribed 2.3x; Edelweiss Life, Nuvama, Motilal MF among investors

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.