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Deepak Nitrite raises Rs 150 crore via QIP

Deepak Nitrite raises Rs 150 crore via QIP

Friday, March 10, 2017, 10:50 AM

Deepak Nitrite has raised Rs 150 crore by selling shares to institutional investors to fund its new project. Share sale through Qualified Institutional Placement (QIP) witnessed a strong response from high quality domestic institutional investors and saw a demand of over 2.2 times the issue size, exceeding Rs 340 crore. The project is rapidly taking shape and is targeted for completion by year-end.
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