The Rs 900 crore-proceed raised from the QIP will probably be used to finance firm’s progress via acquisition and within the modernisation of our operations, enabling us to capitalise on alternatives within the fast-growing refractory market within the India and
Based on the assertion, the corporate will challenge 1,57,15,034 shares at Rs 572.70 every.
HSBC Securities and Capital Markets (India) Pvt Ltd was the only real guide runner on the QIP.
RHI Magnesita India is the main international provider of high-grade refractory merchandise, methods and options that are important for high-temperature processes exceeding 1,200 diploma Celsius in a variety of industries, together with metal, cement, non-ferrous metals and glass.
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