Rajoo Engineers in focus after Morgan Stanley buys stake
Rajoo Engineers Limited successfully raised ₹160 crore through a Qualified Institutions Placement, allotting 1,46,78,900 equity shares at ₹109 per share, a 4.74% discount to the floor price. Major institutional investors, including Morgan Stanley Asia and Rajasthan Global Securities, each acquired over 10% of the QIP issue.