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 Corporate - Private Placement
Simplex infra raises Rs 400 cr

New Delhi, Dec. 20

Simplex Infrastructures has raised Rs 400 crore through a Qualified Institutional Placement (QIP). The Board of Directors has approved allotment of 64 lakh equity shares of Rs 2 at Rs 625 each to the Qualified Institutional Buyers under (QIP) amounting to Rs 400 crore, said a release.

This new issue accounts for 13 per cent of the expanded capital. Mr Amitabh Das Mundhra, Director, said, "The capital raised would be utilised for funding future projects.Our order book currently stands over Rs 8,100 crore ." - Our Bureau

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