New Delhi: Kalpataru Projects International (KPIL) said that it raised Rs 1,000 crore by issuing equity shares to eligible institutional buyers on a QIP basis. This marks KPIL's first equity raise in over a decade, the company said on Wednesday.
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Kalpataru Projects International raises Rs 1,000 crore through QIP, marking its first equity raise in over a decade, with strong investor support for global growth.
The KPIL, a diversified Engineering, Procurement and Construction (EPC) company with over four decades of experience, has successfully raised Rs 1,000 crore through a Qualified Institutional Placement (QIP). The QIP witnessed an overwhelming response from a diverse group of investors, including domestic mutual funds, foreign investment funds and insurance companies.
KPIL Secures Strong Investor Confidence Through QIP to Fuel Global Growth
Manish Mohnot, MD & CEO, KPIL, said, "The overwhelming response to our QIP reflects the unwavering confidence of investors in KPIL's diversified business profile... The funds raised through QIP will further strengthen our balance sheet, enhance our financial flexibility and accelerate our growth plans."
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KPIL is one of the largest specialised EPC companies engaged in Power Transmission & Distribution, Buildings & Factories, Water Supply & Irrigation, Railways, Oil & Gas Pipelines, Urban Mobility (Flyovers & Metro Rail), Highways and Airports. KPIL is currently executing projects in over 30 countries and has a global footprint in 75 countries.
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