Realty company Macrotech Developers is likely to launch a qualified institutional placement, sources told CNBC-TV18. The company plans to raise ₹3,300 crore through the QIP with an indicative price at a discount of more than 7% to the closing price and less than 3% to the SEBI floor price, people with knowledge of the matter said.
CNBC-TV18 has also learned that Kotak Sec is the banker to the deal.
Macrotech Developers, which has also previously utilised the QIP route, announced on December 12, 2022, that its board had sanctioned a fundraise of ₹3,547 crore. The company, which has witnessed a remarkable 60% surge in its share price over the last six months, disclosed its intention to sell around 7.2% of its shares to institutional investors at an issue price of ₹1,026 per share. The deal was launched on December 7.
(Edited by : Asmita Pant)
