Announced Thu, 23 Jul · 15:47 IST
Board approves fund raise up to Rs 5,000 crore via QIP
Board & Shareholder Meetings View source PDF
CEMPRO · price
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Price reaction · full curve 14 horizons · vs prior close
-9.7%1-day move
₹1516.80
prior close
₹1441.00
base price
After-mkt
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AI summary
Cemindia Projects' Board approved raising up to Rs 5,000 crore by issuing equity shares and other securities via Qualified Institutional Placement or other permitted modes, in one or more tranches. An EGM is scheduled for August 17, 2026 at 11:00 AM via video conferencing to seek shareholder approval. The proposal is subject to regulatory and statutory clearances. Note: company is formerly known as ITD Cementation India Limited.
Likely market impact
Potential equity dilution for existing shareholders; stock may react based on pricing and intended use of proceeds.