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Anant Raj gets nod to raise Rs 500 crore via QIP

11 Nov 2023 Evaluate

Anant Raj has received approval for the issuance of equity shares or other convertible securities by way of Qualified Institutions Placement (QIP), for an aggregate consideration not exceeding Rs 500 crore only in accordance with the applicable laws including the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 and the Companies Act, 2013, each as amended, subject to receipt of all necessary approvals, if and to the extent required. The Board of Directors of the company at their meeting held on November 11, 2023 have inter-alia considered and approved the same. 

Anant Raj has become synonymous with the highest quality, excellence and innovation in the field of construction and real estate development. As one of India's leading infrastructure development enterprise armed with an extensive land bank, the group is in the process of revolutionizing corporate spaces with the development of Special Economic Zones and IT Parks.


Peers
Company Name CMP
Lodha Developers 1126.80
Prestige EstatesProj 1480.15
Dilip Buildcon 399.40
DLF 672.35
Oberoi Realty 1774.50
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