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Ackruti may have raised Rs302 cr in share sale

Ackruti may have raised Rs302 cr in share sale
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First Published: Thu, Sep 10 2009. 11 30 PM IST
Updated: Thu, Sep 10 2009. 11 30 PM IST
Mumbai: Ackruti City Ltd raised Rs302 crore selling shares to institutional investors, two people directly involved in the sale said.
The Mumbai-based real estate developer sold 6.04 million shares at Rs501 apiece, the people said, declining to be identified before an official announcement.
Ackruti plans to use the proceeds to expand and repay debt, according to its share sale document.
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First Published: Thu, Sep 10 2009. 11 30 PM IST