MUMBAI, Sept 1 (Reuters) - Nagarjuna Construction Co Ltd (NGCN.BO: Quote, Profile, Research) said on Tuesday it has closed the bids for a 3.67- billion rupee share sale to institutional investors, joining a host of other Indian firms that have recently raised funds via this route.
The construction firm will issue 27.7 million shares at 132.46 rupees each, Nagarjuna said in a statement to the BSE.
Last month, Lanco Infratech Ltd (LAIN.BO: Quote, Profile, Research) raised $150 million through a stripped-down share sale to institutions. (Reporting by Bharghavi Nagaraju; Editing by Sunil Nair)
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