Sintex QIP price 2012
Sintex opened a qip today to raise 200 crore with Rs 66 per share price. many foreign inverters and private equity players decided to buy shares in QIP.
Money raised will be used for FCCB repayment. sintex has $300 fccb loan repayment in jan 2013.
We recommend to buy sintex at Rs 62 for 1 year target of Rs125.