<h1>Mumbai real estate developer raises Rs. 900 crore through QIP at Rs. 555.13 per share</h1> A Mumbai-based real estate development company successfully raised Rs. 900 crore through a Qualified Institutions Placement, issuing over 1.6 crore equity shares at Rs. 555.13 per share. The offering attracted strong participation from domestic and international institutional investors including mutual funds and asset managers. The proceeds will be allocated toward debt reduction (38%), land acquisition and development rights (33%), funding ongoing projects (18%), and general corporate purposes (11%). The capital raise is expected to strengthen the company's financial position and support expansion across the Mumbai Metropolitan Region, with institutional investor holdings increasing significantly post-issue.