Simplex Infrastructures has raised funds through Qualified Institutions Placement (QIP) basis. The company has issued and allotted 70,68,490 Equity Shares of face value of Rs 2 each to eligible Qualified Institutional buyers at the issue price of Rs 569 per equity share, including a premium of Rs 567 per Equity Share, aggregating to Rs 402,19,70,810. The meeting of the Board of Directors of the company held on May 23, 2018, approved the same.
Simplex Infrastructures is engaged in the business of contract constructing infrastructural facilities. The company’s segments include Construction business and others.
