Board Meeting24 Sept 2026, 09:56 pm
Wheels India Ltd Approves Fund Raise Committee Outcome, Floor Price Set
AI Summary
Wheels India Ltd's Fund Raise Committee met on September 24, 2026, to approve key aspects of a qualified institutional placement (QIP). The committee approved the preliminary placement document and set the floor price for the issue at ₹2,197.10 per equity share, determined according to SEBI ICDR Regulations. The company may offer a discount of up to 5% on this floor price. The trading window will be closed until September 26, 2026. A subsequent meeting is scheduled for September 25, 2026, to finalize the issue price.
Key Highlights
- Fund Raise Committee approved QIP documents and floor price.
- Floor price set at ₹2,197.10 per equity share.
- Potential discount of up to 5% on floor price.
- Trading window closed until September 26, 2026.
- Issue price to be finalized on September 25, 2026.
Price Impact
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