Markets

Mercator raises ₹145 cr via QIP

Our Bureau Chennai | Updated on January 09, 2018 Published on November 13, 2017

The QIP Committee of the board of directors of Mercator on Monday approved the allotment of 3.256 crore equity shares of face value ₹1 each at a premium of ₹43.65 a share, aggregating to ₹145.413 crore. Currently, promoters hold 34.44 per cent stake in the company and the public 65.56 per cent. The stock on Monday closed at ₹40.80, down 2.16 per cent on the BSE.

Published on November 13, 2017
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