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.