Borosil and Happiest Minds Technologies are conducting Qualified Institutional Placements (QIPs) to raise funds. Borosil sets a floor price at ₹331.75/share to raise up to ₹250 crore, while Happiest Minds' promoter Ashok Soota plans to sell a 6% stake valued at ₹754 crore. Borosil aims to utilize the proceeds for loan repayment and working capital. Happiest Minds' deal is at a 10% discount to the last closing price, facilitated by Kotak Securities. Borosil's indicative price band for the QIP is ₹316-320/share, with an equity dilution of 4.09-4.14% at a discount to the NSE closing price. Borosil's stock surged 4% post the launch of the QIP issue, with the company expected to become debt-free after the ₹150 crore QIP.
Borosil will be debt-free after ₹150 crore QIP, says CEO @_soniashenoy @Reematendulkar https://t.co/7vEoiWJ9Cy
Jupiter Wagons Copthall Mauritius Investment has bought a 0.8% stake in the company at an average price of Rs 652 per share. Happiest Minds Technologies Promoter Ashok Soota sold a 6% stake in Happiest Minds at an average price of Rs 834.87 per share.
CE Info Systems: Promoter Rakesh Kumar Verma intends to sell up to 0.9% of the total equity through a block deal. The offer size is said to be worth ₹114.6 crore. The floor price of ₹2,293.2 is a 5% discount to Tuesday's closing price.
#MarketsWithMC | 📈 Borosil stock surges 4% post launch of Rs 250 crore QIP issue! 🚀 With 4 manufacturing units and a dominant 60% market share in Microwaveable glassware, it's a global leader in glass solutions. 🏅 Read more⤵️ https://t.co/h97GGHsptu #Borosil #Marketshare…
#HappiestMinds Block Deal: 8.3% equity worth ₹1,076 crore changes hands in large trade @VivekIyer72 Read more details here- https://t.co/RISv8ZGXC6
#Borosil launches #QIP to raise up to ₹150 cr, indicative price band at ₹316-320/sh. Co to utilise proceeds for repayment/ prepayment of long term project loans & working cap. Indicative Price at a discount of 7.22%-8.38% to NSE closing price, equity dilution at 4.09-4.14%:… https://t.co/N2Gspb58Ju
#Borosil launches #QIP to raise up to ₹150 cr, indicative price band at ₹316-320/sh. Co to utilise proceeds for repayment/ prepayment of long term project loans & working cap: Sources to @kothariabhishek https://t.co/I8myR24Y7c
Sources Say | Promoter and founder of Happiest Minds Technologies, Ashok Soota to sell 6% stake @HappiestMinds
Sources Say | Promoter and founder of Happiest Minds Technologies, Ashok Soota to sell 6% stake https://t.co/9N3z0vwXqa
Borosil: Launches QIP to raise funds. Floor price of ₹331.75 is a 4.4% discount to Monday's closing price. The company may, at its discretion, offer a 5% discount on the floor price for the issue price of the QIP.
Happiest Minds Technologies: Ashok Soota likely to sell 6% stake in the company. Floor price of ₹826 per share is a 10% discount to the last closing price. Kotak Securities is the sole broker to the deal which is valued at ₹754 crore.
Block Deal Alert: #HappiestMinds promoter Ashok Soota launches Rs 754 crore sale @VivekIyer72 https://t.co/AdmHgrl99T
Borosil opens QIP today, set floor price at ₹331.75 per share https://t.co/SXZMtc4gTM
#JustIn | Borosil opens QIP today, Sets floor price at ₹331.75/share Alert: Company’s board on January 24 had approved raising funds up to ₹250 crore via QIP https://t.co/bDXv8yIj1t