PTC Industries Allots ₹17,999.99 Cr Equity Shares via QIP

PTC Industries Limited has approved the issuance and allotment of 8,54,700 Equity Shares to eligible qualified institutional buyers at an issue price of ₹21,060 per share. This Qualified Institutional Placement (QIP) raised a total of ₹17,99,99,82,000 (Rupees Seventeen thousand nine hundred ninety-nine crore ninety-nine lakh eighty-two thousand). The issue price represents a premium of ₹21,050 per share, with a discount of ₹1,090 per share (4.92% of the floor price). Following the allotment, the company's paid-up equity share capital has increased from ₹14,99,25,490 to ₹15,84,72,490. Key allottees include SMALLCAP WORLD FUND, INC and various Fidelity funds, all categorized as Foreign Portfolio Investors.