Cemindia Projects Board Approves Equity Issuance of Up To ₹ 5,000 Crore
Cemindia Projects Limited has approved a plan to raise funds through the issuance of securities, with the potential aggregate amount not exceeding ₹ 5,000 crore. This decision was made following a meeting of the company's Board of Directors held on July 23, 2026.The Board considered and sanctioned the raising of funds through the issuance of Equity Shares or other eligible securities, referred to collectively as Securities. The capital raising initiative permits the company to raise up to ₹ 5,000 crore or an equivalent amount through qualified institutional placement (QIP) or other permissible methods. This fund raising is contingent upon receiving necessary approvals from the members of the Company and any required statutory or regulatory clearances.
To seek the requisite approval of the members for this proposed funding transaction, the Board also approved the notice for convening an Extra-Ordinary General Meeting (EGM). The EGM is scheduled to take place on Monday, August 17, 2026, at 11:00 AM IST. Attendees will be able to join via Video Conferencing or other Audio-Visual Means.
CEMPRO Stock Price Movement
Cemindia Projects Limited shares today slipped by 5.00% to settle at ₹1516.8 after trading closed. The equity saw significant activity throughout the day, with a volume of 596,532 shares recorded in the market.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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