Macrotech Developers allots 2.98 cr equity shares under QIP issue

Image
Last Updated : Mar 07 2025 | 9:06 AM IST
Macrotech Developers has allotted 2,98,89,353 equity shares of Rs 10 each to eligible qualified institutional buyers at the issue price of Rs 1,098 per equity shares (including a premium of Rs 1,088 per equity shares ) against the floor price of Rs 1,129.48 per equity shares, aggregating to Rs 3281.85 crore, pursuant to the QIP issue.

Pursuant to the allotment of equity shares, the paid-up equity share capital of the company stands increased to Rs 994.42 crore comprising of 99,44,20,185 equity shares.

Powered by Capital Market - Live News

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Mar 07 2024 | 1:15 PM IST

Next Story