Business Update27 Jan 2024, 09:55 pm
Borosil Ltd to raise up to Rs. 250 Crs through QIP
AI Summary
The Board of Directors of Borosil Ltd has approved the creation and issue of fully paid-up equity shares and/or convertible securities, in one or more tranches, through a qualified institutions placement (QIP) to eligible investors, for an aggregate amount not exceeding Rs. 250 Crs or an equivalent amount thereof.,
Key Highlights
- To raise capital through QIP
- Up to Rs. 250 Crs to be raised
- Eligible investors only
- Fully paid-up equity shares and/or convertible securities to be issued