APAR Industries raises ₹2,500 crore through QIP
after close1 source ↓written by the desknot a recommendation
APAR Industries Limited has successfully completed a qualified institutions placement (QIP) of ₹2,500 crore, advised by Trilegal. The funds will be utilized for working capital requirements and general corporate purposes. ICICI Securities and Motilal Oswal acted as placement agents for this significant capital raise.
This move positions APAR Industries as a key player in the cable and conductor market, particularly in the renewable sector, enhancing its operational capabilities.
Not investment advice. For informational purposes only.