By Debdeep Gupta | 17 Dec, 2024
Gravita India shares jump 7% on launching QIP to raise up to Rs 1,000 crore
Shares of lead and aluminum recycling company Gravita India shares jumped seven percent on December 17 after the firm launched a Qualified Institutions Placement (QIP).According to CNBC-TV18, the firm will raise Rs 750 crore through the QIP, with an option to upsize the issue to Rs 1,000 crore. The QIP would result in an equity dilution of 5.2 percent. The firm received approval from its board to ...