Macrotech Developers allots 3.45 cr equity shares under QIP issue

Raised Rs 3546.93 crore

Macrotech Developers has approved the transfer of 3,45,70,506 equity shares of face value Rs. 10/- each held by the Selling Shareholders, being certain members of the promoters and promoter group of the Company, to eligible qualified institutional buyers at the offer price of Rs. 1,026/- per equity share i.e. Rs. 3.25/- above the floor price of Rs.1022.75/- per equity share, aggregating to Rs. 3546.93 crore, pursuant to the QIP issue.

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