Mumbai: Nagarjuna Construction Co Monday said it has concluded a qualified institutional placement (QIP) to raise Rs.367 crore.
The company has allotted 27.73 million equity shares of Rs.2 each at Rs.132.46, aggregating to Rs.367.35 crore to investors.
The QIP proceeds wil be utilised for squaring off short-term debt and new projects, said managing director A. Ranga Raju.
