Corporate Action28 Apr 2026, 06:01 pm
Eternal Ltd files QIP utilization report for Q4 FY26; no deviation
AI Summary
Eternal Limited has filed its monitoring agency report for the quarter ended March 31, 2026, concerning the utilization of proceeds from its Qualified Institutions Placement (QIP). The report, issued by ICRA Limited, confirms that there was no deviation from the stated objects of the issue, indicating that the funds were utilized as planned. The QIP, conducted from November 25-28, 2024, involved 33.65 crore equity shares at ₹252.62 each, aggregating to ₹8,500 crore, with net proceeds of ₹8,436.12 crore.
Key Highlights
- Eternal Ltd filed QIP utilization report for Q4 FY26.
- ICRA Limited confirmed no deviation in fund use.
- QIP raised ₹8,500 crore, with net proceeds of ₹8,436.12 crore.
- Funds were utilized in line with the objects of the issue.
Price Impact
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