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07 September 2009

Nagarjuna Construction to raise Rs 367 crore via share issue

Nagarjuna Construction said it will raise Rs 367.35 crore by way of private placement of shares with qualified institutional buyers.

The board of directors have approved to allot 2,77,32,900 shares at Rs 132.46 a piece, totalling to Rs 367.35 crore by private placement with buyers, Nagarjuna Construction said in a filing to the Bombay Stock Exchange.

Shares of Nagarjuna Construction were trading at Rs 135.50 on the BSE on Friday, down 1.53 per cent from previous close.
Source: Realty Plus

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