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Cemindia Projects’ Rs 1,400-crore QIP oversubscribed 2.3x; Edelweiss Life, Nuvama, Motilal MF among investors
Cemindia Projects raised Rs 1,400 crore through a qualified institutional placement, attracting 2.3 times demand over the base issue. The company secured strong credit ratings, and its shares rallied, with leading mutual funds participating in the oversubscribed QIP.
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