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An update from Marathon Nextgen Realty Limited ( (IN:MARATHON) ) is now available.
Marathon Nextgen Realty Limited announced the closure of its Qualified Institutions Placement (QIP) of equity shares, successfully raising funds from institutional investors. The company issued 1,62,12,406 equity shares at a price of ₹ 555.13 per share, which included a discount on the floor price, to eligible qualified institutional buyers. This move is expected to strengthen the company’s financial position and support its growth initiatives in the real estate sector.
More about Marathon Nextgen Realty Limited
Marathon Nextgen Realty Limited operates in the real estate industry, focusing on the development of residential and commercial properties. The company is known for its innovative projects and strategic market positioning in urban areas.
Average Trading Volume: 10,368
Current Market Cap: 32.89B INR
For an in-depth examination of MARATHON stock, go to TipRanks’ Overview page.