Simplex makes Rs 93cr placement

The board of directors of Simplex Concrete Piles, which met today, approved a preferential allotment of 12,85,000 shares, or 14.99% stake, to Mauritius-based company Bethoven at Rs 726.30 per share.

This was announced in a release issued by the company to the NSE today.

The allotment has netted the company Rs 93.33 crore.