Shree Cement wins Sebi nod for up to Rp30bn QIP

cement px230
By Jonathan Breen
20 Nov 2019

India’s third largest cement maker Shree Cement is one step closer to a qualified institutional placement (QIP) after getting the go-ahead from the securities regulator.

The company plans to tap investors for up to Rp30bn ($418.1m). The QIP is expected to be completed by the end of 2019.

The deal will follow a jumbo QIP from Bajaj Finance in early November. The non-banking financial company raised Rp84.6bn from its equity placement.

Shree ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial