The Rs 900 crore proceeds from the QIP will be used to fund the growth of the company through acquisition and in the modernization of our operations, enabling us to capitalize on opportunities in the fast-growing refractories market in India and
According to the statement, the company will issue 1,57,15,034 shares at Rs 572.70 each.
HSBC Securities and Capital Markets (India) Pvt Ltd was the sole bookrunner on the QIP.
RHI Magnesita India is the leading global supplier of high performance refractory products, systems and solutions critical to high temperature processes exceeding 1,200 degrees Celsius in a wide range of industries including steel, cement, non-ferrous metals and glass.
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