MEP Developers to use the capital for the growth of its business including investment, and supporting operational activities for existing or future projects. New Delhi: Infrastructure company MEP Developers Ltd said it has raised Rs161.79 crore via issue of equity shares through a qualified institutional placement (QIP). The company in a press statement on Wednesday said it closed the QIP at an issue price of Rs77.50 per equity share, including a discount of 4.90% to the floor price of Rs81.49 per equity share calculated in accordance with Sebi rules. At present, it has a basket of 10 HAM projects in the states of Maharashtra and Gujarat aggregating to Rs7,941.69 crore. In this week itself, they won four HAM projects from NHAI in Maharashtra worth approximately Rs4,100 crore.

Source: Mint March 28, 2018 17:48 UTC