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The ₹137.16 crore qualified institutional placement (QIP) of J Kumar Infraprojects Ltd (JKIL) has been completed. JKIL had placed 44.25 lakh equity shares at ₹309.98 apiece.
The issue garnered interest from investors such as Capital Research, Macquarie Bank, GMO, Birla Mutual Fund, Bajaj Allianz, Tata AIA Life Insurance, DSP Blackrock and the like.
JKIL intends to deploy the net proceeds to fund its capital expenditure and meet working capital requirements.
Edelweiss acted as the Left Lead Global Co-ordinator and Book Running Lead Manager to the Issue.
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