Mumbai, March 4 -- The company's board, during its meeting on 3 January 2025, approved a proposal to raise funds by issuing equity shares for a total amount of up to Rs 1,000 crore, with or without a greenshoe option.
The company announced that it may, at its discretion, provide a discount of up to 5% on the floor price for the QIP issue. It has proposed raising funds to fully or partially finance its capital expenditure needs. The QIP opened for bidding on 25 February 2025, it added.
The QIP witnessed participation from various institutional investors, with the allottees receiving more than 5% of the total issue size.
Nomura India Investment Fund Mother Fund emerged as the largest allottee, securing a major 17.39% allocation, followed b...