Board Meeting11 Jun 2026, 07:21 pm
Motisons Jewellers Approves QIP at ₹11.05/Share
AI Summary
Motisons Jewellers Ltd announced the closure of its Qualified Institutional Placement (QIP) issue on June 11, 2026. The Board of Directors approved the allocation of 13,57,46,600 equity shares to eligible QIBs at a price of ₹11.05 per share. This price represents a discount of 4.57% to the floor price of ₹11.58 per share. The company also adopted the Placement Document and finalized the Confirmation of Allocation Note for the QIBs. The meeting commenced at 5:30 PM IST and concluded at 7:10 PM IST.
Key Highlights
- QIP issue closed on June 11, 2026.
- 13,57,46,600 equity shares allocated to QIBs.
- Issue price set at ₹11.05 per share.
- Price is at a 4.57% discount to the floor price.
- Placement Document and Allocation Notes finalized.
Price Impact
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