Peninsula Land Proposed issue of Equity Shares through QIP to QIB in private placement

Peninsula Land Ltd has announced that the Company has priced the proposed issue of 2.6 million new Equity Shares through Qualified Institutional Placement (QIP) to Qualified institutional Buyers (QIB) in a private placement, at Rs 600/- per share, raising Rs 1.56 billion, through the QIP route recently enabled by the SEBI. Citigroup and AK Capital acted as the joint Lead Managers to this transaction. The issue received response from a mix of domestic institutions and mutual funds.

Source : Equity Bulls

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