Hitachi Energy India Limited (NSE: POWERINDIA, BSE: 543187) announced the opening of its Qualified Institutions Placement (QIP) today, March 10, 2025. The Fund Raise Committee authorized the opening of the issue and adopted the preliminary placement document.
The ‘Relevant Date‘ for the purpose of the QIP is March 10, 2025, and the floor price has been set at ₹12,112.50 per equity share, based on the pricing formula prescribed under SEBI ICDR regulations. The company may offer a discount of up to 5% on this floor price.
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Poovanna A, General Counsel and Company Secretary of Hitachi Energy India Limited, confirmed the QIP launch in a filing with the stock exchanges.
The launch of this QIP represents a move by Hitachi Energy India to raise capital, potentially to fund future growth initiatives.
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Published on: March 10, 2025 at 11.00PM GMT.
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As stated in Bhagavad Gita : (Bhagavad Gita 15.15)
सर्वस्य चाहं हृदि सन्निविष्टो मत्तः स्मृतिरज्ञानमपोहनं च।
I am seated in everyone’s heart; from Me come remembrance, knowledge, and forgetfulness.
