Max Estates Raises ₹800 Crore through Successful Qualified Institutional Placement
Max Estates Limited, a leading real estate developer in Delhi NCR, has raised ₹800 Crore through a Qualified Institutional Placement (QIP)
Max EstatesQualified Institutional PlacementQipReal EstateDelhi NcrReal Estate NewsSep 05, 2024
The QIP, which was launched on September 2, 2022, witnessed overwhelming response from institutional investors, including foreign institutional investors, domestic mutual funds, and insurance companies. The issue was oversubscribed by 2.5 times, reflecting the strong demand for Max Estates' shares.
Max Estates Limited is a subsidiary of Max Ventures & Industries Limited, a part of the Max Group. The company is focused on developing high-quality residential and commercial projects in Delhi NCR. With a strong track record of delivering projects on time and to the satisfaction of its customers, Max Estates has established itself as a trusted and reliable player in the region.
The funds raised through the QIP will be utilized by Max Estates to repay debt, invest in new projects, and enhance its working capital. This infusion of capital will enable the company to accelerate its growth plans, expand its portfolio of projects, and strengthen its position in the market.
Speaking on the occasion, Mr. Sahil Vachani, Managing Director and CEO of Max Ventures & Industries Limited, said,
Frequently Asked Questions
What is the amount raised by Max Estates through the QIP?
Max Estates has raised ₹800 Crore through the QIP.
What is the purpose of the QIP?
The funds raised through the QIP will be utilized by Max Estates to repay debt, invest in new projects, and enhance its working capital.
Who are the investors in the QIP?
The QIP witnessed participation from institutional investors, including foreign institutional investors, domestic mutual funds, and insurance companies.
What is the significance of the QIP for Max Estates?
The QIP is a significant step forward in Max Estates' journey to become a leading real estate developer in India, enabling the company to accelerate its growth plans and expand its portfolio of projects.
Who is the Managing Director and CEO of Max Ventures & Industries Limited?
Mr. Sahil Vachani is the Managing Director and CEO of Max Ventures & Industries Limited.
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