India-focused real estate investment company Yatra Capital Ltd said it has raised about 120 mln eur gross via a placing of about 11.43 mln new shares at 10.50 eur each.
After the offering, Yatra will have about 21.43 mln shares outstanding.
Last month, Yatra said it planned to raise 150 mln eur through an equity offering in the Netherlands and private placements and invest the money in various Indian projects.
At the time, Yatra said its advisor, K2 Investment Committee, had identified further financing opportunities of 231 mln eur.
Since its initial capital raising in Dec 2006, Yatra has committed to investing 88.4 mln eur through ten investments in India.(Forbes)