Quality Power approves ₹700 crore QIP and Winwin acquisition
pre-market1 source ↓written by the desknot a recommendation
- Qualified Institutions Placement
- ₹700 crore
- for 1
- ₹272.34 crore
- each
- ₹141.88
Quality Power Electrical Equipments Limited's board approved a ₹700 crore Qualified Institutions Placement (QIP) and the acquisition of Winwin Speciality Insulators Limited. The acquisition involves up to ₹272.34 crore for 1,91,95,007 shares at ₹141.88 each, pending regulatory and shareholder approvals. This move aims to enhance growth and market position.
Not investment advice. For informational purposes only.