On June 21, Prestige Estates announced plans to raise up to ₹5,000 crore through Qualified Institutional Placements (QIP) and other methods. The board of Prestige Estates approved the fundraise, which is equivalent to $599 million. The company has selected Kotak, JPM, JM, and CLSA to manage the QIP, which may launch in July-August. Following the announcement, shares of Prestige Estates rose by as much as 2.51% to hit an intraday high of ₹2,040.85 per share on June 24. The stock has zoomed by more than 80% in the last six months.
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.
#MCExclusive | Prestige Estates which has zoomed by more than 80% in the last six months, picks #Kotak, JPM, JM & CLSA for its Rs 5,000 cr QIP which may launch in July-Aug, reports @ashwinmohansays Read on 👇 https://t.co/OLKB5Qhtbz #Prestige #RealEstate #Investment
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
#MarketsWithBS | Shares of #realestate company #PrestigeEstates rose as much as 2.51% to hit an intraday high of Rs 2,040.85 per share on Monday. #Markets #sharemarket #stockmarket #buzzingstocks https://t.co/UCqJryudIS
#MarketsWithBS | Shares of #IREDA surged up to 4.2% at Rs 195.35 per share in Monday’s intraday trade. This came after the company announced that it successfully raised Rs 1,500 cr through issuance of NCD. #Markets #sharemarket #stockmarket https://t.co/sHfVLhEB0N
#MarketsWithBS | Shares of Garden Reach Shipbuilders and Engineers climbed as much as 10.51% to hit an intraday high of Rs 1,818.20 per share on Monday. #Markets #sharemarket #buzzingstocks #Stockmarket https://t.co/0wNcbEQm0N
Prestige Estates: Board approves raising up to ₹5,000 crore via QIP and other methods.
#PrestigeEstates board okays proposals to raise Rs 5,000 crore https://t.co/mZvFc5DfzG
Prestige Estates board approves raising Rs 5,000 cr via QIP or other modes https://t.co/iGq0Ovwa0k
India's Prestige Estates Projects approves $599 mln fundraise https://t.co/0UZLuwqy2w https://t.co/50u7fFh0kR
#JustIn | Prestige Estates board approves raising funds up to ₹5,000 crore via QIP & other modes https://t.co/YZfHo42yQl
JUST IN | Prestige Estates to raise ₹5,000 cr via QIP, other modes: Agencies @prestigegroup #StockMarket https://t.co/d4f9Ue5Cra