Investment14 Mar 2025, 02:31 am
Hitachi Energy India Ltd Raises ₹ 2,520.82 Crores Through Qualified Institutions Placement
AI Summary
Hitachi Energy India Ltd has successfully raised ₹ 2,520.82 Crores through a Qualified Institutions Placement (QIP) of 21,90,688 Equity Shares at an issue price of ¥ 11,507 per Equity Share, including a premium of ¥ 11,505 per Equity Share. The QIP was approved by the Fund Raise Committee on March 13, 2025. The funds raised will be used as per the regulations and the shareholding pattern of the company will be updated accordingly.
Key Highlights
- Hitachi Energy India Ltd raised ₹ 2,520.82 Crores through a Qualified Institutions Placement (QIP)
- 21,90,688 Equity Shares were issued at an issue price of ¥ 11,507 per Equity Share, including a premium of ¥ 11,505 per Equity Share
- The QIP was approved by the Fund Raise Committee on March 13, 2025
- The funds raised will be used as per the regulations
- The shareholding pattern of the company will be updated accordingly