Textiles manufacturer Welspun India said on Monday that it raised about Rs.156 crore via a share placement to institutional investors.
The funds would be utilized for capital expenditure, investments in growth opportunities and other usage in accordance with applicable statutory and/ or regulatory requirements, the company said in a statement. Motilal Oswal Securities acted as the sole book runner for the QIP issue.
The funds would be utilized for capital expenditure, investments in growth opportunities and other usage in accordance with applicable statutory and/ or regulatory requirements, the company said in a statement. Motilal Oswal Securities acted as the sole book runner for the QIP issue.