Shares of Anant Raj Ltd declined 2.12% to Rs 720 in Tuesday’s trading session after the real estate developer announced the launch of its Qualified Institutions Placement (QIP) of equity shares.
The company’s Finance and Investment Committee approved the opening of the QIP with a floor price of Rs 695.83 per share, in accordance with the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018.
Anant Raj noted that it may offer a discount of up to 5% on the floor price, as permitted by SEBI regulations. The issue price will be finalized in consultation with the book-running lead managers handling the offering. The company has set October 7, 2025, as the relevant date for the issue.
The QIP is expected to help the company raise funds for expansion, debt reduction, and development of its ongoing projects, including its growing data center business under Anant Raj Cloud.
Anant Raj Ltd, with over 55 years of experience, has a diversified real estate portfolio encompassing residential, commercial, retail, and IT parks. The company’s flagship developments include Anant Raj Estate Residences, Global Business Square (Noida), and the Anant Raj Tech Park (Manesar). It has also executed key government projects and mall developments across NCR and beyond.
At the time of writing, Anant Raj shares were trading lower amid investor caution following the fundraising announcement.
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