Omaxe to raise Rs. 1,800 cr
The Financial Express, Corporates & Markets, P VIII
Realty developer Omaxe on Monday said it will raise Rs. 1,800 crore through various means, including issuing securities to qualified institutional buyers on a private placement basis, and hiking the FII limit in the company to 40%. The company will raise up to Rs. 1,800 crore by various means, including by issuance of further securities to persons other than the existing equity shareholders and also by way of qualified institutional placement, Omaxe said.
The Financial Express, Corporates & Markets, P VIII
Realty developer Omaxe on Monday said it will raise Rs. 1,800 crore through various means, including issuing securities to qualified institutional buyers on a private placement basis, and hiking the FII limit in the company to 40%. The company will raise up to Rs. 1,800 crore by various means, including by issuance of further securities to persons other than the existing equity shareholders and also by way of qualified institutional placement, Omaxe said.
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