The company's board on July 23 approved raising as much as 50 billion rupees through the issuance of equity shares via a qualified institutional placement.
In the past 11 trading days, the stock price of Cemindia Projects has surged 37 per cent. In the past three months, the counter has yielded a multibagger return of 116 per cent.
Cemindia Projects hits 20 per cent upper circuit after posting strong q4 results; PAT up 113 per cent YoY