Ackruti may have raised Rs302 cr in share sale

Ackruti may have raised Rs302 cr in share sale

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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