Marathon Nextgen Realty Raises Rs.900 Crore via QIP

  Published 1 year ago

Marathon Nextgen Realty raises Rs.900 crore via QIP for growth, Mumbai expansion, and debt reduction.

  • Issued 1,62,12,406 shares at Rs.555.13 each (face value Rs.5) by June 30, 2025.
  • Attracted Quant Mutual Fund, Kotak, Samco; FII/DII holdings rose to 9.9%/16.66%.
  • Strengthened finances, net debt-to-equity to drop below the current 0.46 post-debt reduction.

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