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Strides Shasun has raised over Rs 1,102 crore through the qualified institutional placement (QIP).
Strides Shasun said in a BSE filing that “The QIP Committee of the company, on December 21, 2015, approved closure of issue period of the QIP on December 21, 2015. Approved the issue price of Rs 1,278 per equity share”.
“The issue price is at a discount of 4.97 percent to the floor price of Rs 1,344.78 per equity share, in accordance with proviso to Regulation 85(1) of Sebi ICDR regulations.”
The company has increased Rs 1,102.66 crore through the QIP that was opened by it on December 17.
