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Markets - Private Placement
Koutons raises Rs 21 cr through share sale

Our Bureau

New Delhi April 19 Apparel maker Koutons Retail India Pvt Ltd said on Thursday that it had raised Rs 21 crore by issue of 600,000 equity shares to US-based investor Passport India Investments (Mauritius) Ltd. The shares have been allotted at Rs 350 a share.

Koutons has filed initial documents with the market regulator for a public issue of 3.52 million shares through a mix of fresh issue and sale of shares. The net issue will constitute 11.37 per cent of the post paid up capital.

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