Max Estates plans to raise ₹800 crore through Qualified Institutional Placement (QIP) to fund its business growth and land acquisition in Delhi-NCR.
Max EstatesDelhi NcrQualified Institutional PlacementQipEquity SharesReal Estate NewsAug 30, 2024
Max Estates plans to raise ₹800 crore through QIP to fund its business growth and land acquisition in Delhi-NCR.
The floor price of the QIP issue is ₹628.74 per equity share.
All major domestic mutual fund companies have participated in the QIP issue, according to sources.
The funds raised will be utilized to acquire land in Delhi-NCR and drive business growth.
The QIP issue is a strategic move by Max Estates to capitalize on the growing demand for real estate in Delhi-NCR and drive its business growth.
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