Goldman Sachs invests in Poddar QIP

Company raises Rs 125 crore through selling shares to investors

In the first qualified institutional placement (QIP) of the year, Mumbai based real estate developer Poddar Developers raised Rs 125 crore through selling shares to investors. Goldman Sachs, ICICI Pru and IDFC Capital are the lead investors in the issue, said bankers in the know.

Poddar will issue shares at Rs 1,125.21 per share. Poddar's share rose 1.22 per cent today to close at Rs 1393. Equirus Capital was lead manager to the QIP.