IT infrastructure management services provider Allied Digital Services today said it has raised Rs 231.42 crore by private placement of shares with qualified institutional buyers.

The company has alloted 4.9 million shares at Rs 472.29 a piece, aggregating to Rs 231.42 crore, by private placement, Allied Digital said in a filing to the Bombay Stock Exchange.

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The issue opened on October 14 and closed on October 16.

Shares of Allied Digital were trading at Rs 501 on BSE, up 2.11 per cent from its previous close.

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