Moneycontrol PRO

Arihant Superstructures to raise up to Rs 500 crore through securities

The issue of securities could be through private placement, preferential issue, qualified institutions placement (QIP), follow-on public offering ("FPO"), or a combination thereof.

 
 
live
  • bselive
  • nselive
Volume
Todays L/H
More

Realty firm Arihant Superstructures Ltd plans to raise up to Rs 500 crore through issuance of securities.

In a regulatory filing, the Mumbai-based firm said the board of directors approved raising of up to Rs 500 crore by issuance of securities.

The issue of securities could be through private placement, preferential issue, qualified institutions placement (QIP), follow-on public offering ("FPO"), or a combination thereof.

The proposed fundraising is subject to shareholders' approval and other regulatory approvals.

The shareholders' approval would be obtained through Extra-Ordinary General Meeting in due course. The board of directors has also constituted a fundraising committee for this purpose.
PTI
first published: Oct 5, 2021 09:41 pm

stay updated

Get Daily News on your Browser
Sections
ISO 27001 - BSI Assurance Mark