Somany Ceramics has raised Rs 120 crore through Qualified Institutional Placement (QIP) route.
“The company...approved the issue and allotment of 35,34,600 equity shares of face value Rs 2 each to Qualified Institutional Buyers (QIB) at the issue price of Rs 339.5 per equity share, amount aggregating to Rs 120 crore”, Somany Ceramics said in a BSE filing.
Shares of Somany Ceramics were trading at Rs 378 apiece, up 1.23 per cent, from their previous close on BSE.