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Adani’s Cemindia is said to near up to $524 million share sale

Adani Group-backed Cemindia Projects Ltd. has appointed banks as it nears the launch of a share sale to institutional investors to raise as much as 50 billion rupees ($524 million), according to people familiar with the matter.The company, formerly known as ITD Cementation India Ltd., has been meeting institutional investors and could launch the qualified institutional placement in the coming days, the people said, asking not to be identified because the information is private. ICICI Securities…

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Economic TimesLean R·1h ago
Adani’s Cemindia is said to near up to $524 million share sale
Adani Group-backed Cemindia Projects Ltd. has appointed banks as it nears the launch of a share sale to institutional investors to raise as much as 50 billion rupees ($524 million), according to people familiar with the matter.The company, formerly known as ITD Cementation India Ltd., has been meeting institutional investors and could launch the qualified institutional placement in the coming days, the people said, asking not to be identified because the information is private. ICICI Securities…
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Adani’s Cemindia is said to near up to $524 million share sale

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Adani’s Cemindia is said to near up to $524 million share sale

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