Secondary Issues
Realtor Anant Raj raises Rs.500-Cr via QIP
New Delhi-based, listed realty developer Anant Raj Ltd has raised INR 500 crore via Qualified Institutions Placement (QIP). The company will use part of the funds raised to bring down the debt and the rest for working capital requirements.The company has plans to invest around INR 1,000 crore to develop four projects across Gurugram, Delhi, and Tirupati. Anant Raj also plans to develop 300 MW data centre buildings with a total investment of INR 10,000 crore over the next few years.
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