TANFAC Allots 12.58 Lakh Shares via QIP, Raises ₹250 Cr

TANFAC Industries Ltd announced the outcome of its Fund Raising Committee meeting held on June 25, 2026. The committee approved the allotment of 12,58,918 equity shares to eligible qualified institutional buyers at an issue price of ₹1985.83 per share. This Qualified Institutions Placement (QIP) raised approximately ₹24,999.97 lakhs. The issuance included a discount of ₹104.51 to the floor price. Following the allotment, the company's paid-up equity share capital increased to ₹10,60,44,590, comprising 2,12,08,918 equity shares. The QIP opened on June 23, 2026, and closed on June 25, 2026.