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Kridhan Infra gets nod to raise funds up to Rs 150 crore

23 Oct 2017 Evaluate

Kridhan Infra has received an approval for fund raising of up to Rs 150 crore (QIP Issue Size) through issuance of Equity Shares of Rs 2 each. The Board of Directors of the Company at their meeting held on October 21, 2017 has considered and approved the same.

The Board has also given approval to increase Authorised Capital of the Company from existing Rs 18.00 crore (9,00,00,000 Equity Shares of Rs 2 each) to Rs 20.00 crore (10,00,00,000 Equity Shares of Rs 2 each).

Kridhan Infra has evolved from a steel products manufacturer to a niche foundation engineering company.


Peers
Company Name CMP
JSW Steel 1255.00
Tata Steel 184.65
Steel Authority 181.60
Jindal Stainless 746.95
APL Apollo Tubes 2181.05
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