Borosil Renewables raises Rs 200 cr through QIP issue
Capital MarketBorosil Renewables (BRL) announced the successful
completion of fund raising of Rs. 200 crore through a Qualified Institutions Placement (Issue). The Securities Issue Committee of BRL approved opening of the Issue on 14 December 2020 and approved the closing of the Issue on 17 December 2020. BRL allotted 1,58,04,030
shares of face value of Re. 1 each at Rs. 126.55 per share. Post the QIP issue, the holding of promoter and promoter group will be 61.92%.
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