Cemindia Projects is trading at ₹1,171.90, down 4.05%, with its discounted QIP potentially weighing on shares.
- The ₹1,108-per-share QIP price was below the announced ₹1,158.58 floor price and the prior close.
- The company raised ₹1,400 crore by issuing about 1.26 crore shares, equal to 6.85% of post-issue share capital. The QIP was oversubscribed 2.3 times.
- No report located explicitly attributes the October 16 decline to the issue.