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Cemindia Projects Limited’s qualified institutions placement raised Rs 1,400 crore via share allotment
20-Oct-2026, 12:57

Cemindia Projects Limited, formerly known as ITD Cementation India Limited, announced the allotment of 1,26,35,379 equity shares to eligible qualified institutional buyers through a qualified institutions placement, raising Rs 1,400.00 crore. The shares were issued at a price of Rs 1,108.00 each, reflecting a discount of Rs 50.58 per share, and the company's issued equity share capital increased from Rs 17.18 crore to Rs 18.44 crore as a result of the placement, with Motilal Oswal Flexi Cap Fund Mutual Fund and Mirae Asset Small Cap Fund Mutual Fund being among the significant allottees.