Corporate Action5 Aug 2026, 07:10 pm
Arvind Ltd Closes QIP, Allots 99 Lakh Shares at ₹505
AI Summary
Arvind Ltd announced the closure of its Qualified Institutional Placement (QIP) issue on August 5, 2026. The Finance Committee approved the allocation of 99,00,990 equity shares to eligible Qualified Institutional Buyers (QIBs) at an issue price of ₹505.00 per share. This price represents a discount of 2.62% on the floor price of ₹518.58. The company also approved and adopted the Placement Document in connection with the QIP. The QIP opened on August 3, 2026.
Key Highlights
- QIP closure approved on August 5, 2026.
- 99,00,990 equity shares allotted to QIBs.
- Issue price set at ₹505.00 per share.
- Discount of 2.62% applied to the floor price.
- Placement Document approved and adopted.
Price Impact
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