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HFCL raises Rs 600 cr via QIP issue

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Capital Market

8.72 cr equity shares get listed today, 14 December 2021

HFCL has raised Rs.600 crores via QIP issue. The Fund Raising Committee of Directors at its meeting on 10 December 2021, approved the issue and allotment of 8,72,72,727 Equity Shares to 21 qualified institutional buyers at the issue price of Rs. 68.75 per Equity Share (including a premium of Rs.67.75 per Equity Share), aggregating to Rs.600 crores approx. The trading of the newly allotted equity shares has commenced from today i.e. 14 December 2021 at the National Stock Exchange of India and the BSE.

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First Published: Dec 14 2021 | 9:06 AM IST

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