TANFAC Industries Approves Fund Raising, Allots Equity Shares

TANFAC Industries Ltd has announced the successful closure of its fund-raising issue on June 25, 2026. The company's Fund Raising Committee approved the allocation of 12,58,918 Equity Shares at a price of ₹1985.83 per share to eligible qualified institutional buyers (QIBs). This price includes a premium of ₹1980.83 and a discount of ₹104.51 per share from the floor price of ₹2090.34, in compliance with SEBI regulations. The committee also finalized the confirmation of allocation notes for the QIBs and adopted the placement document dated June 25, 2026.