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Excon, Excon 2011 Biggest Construction Equipment Trade fair India.

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Akruti City raised Rs 300 crore via QIP

09/18/2009 4:17:00 PM

Akruti City raised Rs 300 crore via QIP Mumbai, Sep (EPC News): Mumbai based developer Akruti City has successfully raised Rs 300 crore via qualified institutional placement (QIP), priced at Rs 501 per share. Gm

The company currently is the largest slum rehabilitation developer in Mumbai, and planning to construct three more projects in the coming years. Akruti City will be using Rs 100 crore to repay debt and the remaining will be use for ongoing projects.
By Rahul Kamat