Sona BLW Precision Forgings raised Rs 2,400 crore through an oversubscribed 5.5x QIP.
Sona BLW Precision Forgings raised Rs 2,400 crore through a Qualified Institutions Placement (QIP), which was oversubscribed by 5.5 times, indicating strong investor confidence. The QIP, conducted from September 4 to 9, involved issuing 34,782,608 shares at Rs 690 each. Proceeds will enhance the company's capital structure to support growth strategies. Notable investors included SBI Mutual Fund and Goldman Sachs Asset Management.
September 10, 2024
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