KPI Green Energy Limited to raise up to Rs. 1000 crores through QIP

The Board of Directors of KPI Green Energy Limited at its meeting held today, commenced at 9:16 a.m. and concluded at 9:50 a.m. at the registered office of the Company wherein Board of Directors, has approved the raising of funds through issuance of equity shares of the Company ('Equity Shares') or any other equity linked securities of the Company or other securities convertible into or exchangeable for Equity Shares by way of qualified institutions placement (including one or more qualified institutional placements in tranches) ('QIP') in accordance with the provisions of Chapter VI of Securities and Exchange Board of India (lssue of Capital and Disclosure Requirements) Regulations, 2018, as amended from time to time and other applicable laws, in one or more of the tranches for an aggregate amount up to ₹ 1,000 Crores (Rupees One Thousand Crores) at such price or prices as may be permissible under applicable law, subject to necessary approval including the approval of the members of the Company by way of a special resolution, and such other permissions, sanctions and statutory approvals, as may be required.

Shares of KPI Green Energy Ltd was last trading in BSE at Rs. 1959.00 as compared to the previous close of Rs. 2062.10. The total number of shares traded during the day was 155814 in over 13397 trades.

The stock hit an intraday high of Rs. 2098.00 and intraday low of 1959.00. The net turnover during the day was Rs. 311342561.00.

Source : Equity Bulls

Keywords

KPIGreenEnergy INE542W01017 FundRaising QIP