The engineering company named the Sunil Hitech Engineers Ltd has recently made an announcement that it has raised an amount of Rs 81 crore from the Qualified Institutional Players. The officials of the company have informed that news and said that the company has placed a total of 22.50 lakh shares (face value of Rs 10) with five foreign and domestic institutional investors at Rs 360 a share.
The Sunil Hitech Engineers Ltd has released a statement regarding the issue in order to inform the Bombay Stock Exchange about this. The company further stated in the statement that the Avendus Capital was the sole global coordinator and lead manager to the QIP of Sunil Hitech. A top official from the company has commented that the equity share capital of the company has already increased to Rs 12.28 crore from Rs 10.03 crore, following the placement and the company is having a market capitalization of around Rs 374 crore at the moment.
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| Posted : 1/21/2008 |
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