The Hindu Business Line : NCC to raise Rs 367 cr via QIBs

Nagarjuna Construction Company (NCC) Ltd has informed the Bombay Stock Exchange that the executive committee of board of directors approved the allotment of 2,77,32,900 equity shares of Rs 2 each at a premium of Rs 130.46 aggregating to Rs 367.35 crore to qualified institutional buyers (QIBs). Following the approval of allotment of these shares to the QIBs, the paid-up capital of the company has gone up to Rs 51.31 crore. —

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