Infrastructure firm Marg Ltd today said it will raise funds up to Rs 150 crore through qualified institutional placement of shares.
Pursuant to the shareholders' approval, the capital issues and allotment committee, in the meeting held today has approved to place equity shares for an amount not exceeding Rs 150 crore under QIP, Marg said in a filing to Bombay Stock Exchange (BSE).
The issue opens today and the minimum average floor price has been fixed at Rs 189.88, it said.
Shares of Marg today closed at Rs 192.05 on the BSE, down 0.90 per cent from previous close.