October 12, 2008

Simplex Infrastructures raises INR 400 crore through QIP

Simplex Infrastructures Limited has announced that its board of directors has approved allotment of 6.4 million equity shares of INR 2 each at INR 625 each amounting to INR 400 crore to qualified institutional buyers under qualified institutional placement. This new issue accounts for 13% of the expanded capital.