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Mumbai, Jan. 17

Sunil Hitech Engineers Ltd has raised Rs 81 crore from Qualified Institutional Players. A total of 22.50 lakh shares (face value of Rs 10) were placed with five foreign and domestic institutional investors at Rs 360 a share, the company informed the BSE. Avendus Capital was the sole global co-ordinator and lead manager to the QIP. Following the placement, the equity share capital of the company has increased to Rs 12.28 crore from Rs 10.03 crore and the market cap is aroun d Rs 374 crore.

— Our Bureau

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Sunil Hitech raises Rs 81 cr

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