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Sterlite Technologies surges 5% on QIP launch, sets Rs 613.69 floor price
Sterlite Technologies' stock climbed nearly 5% to Rs 613.35 as it officially launched its Qualified Institutions Placement (QIP) to bolster its capital. The company's board and shareholders approved the fundraising, with the Authorization and Allotment Committee setting a floor price of Rs 613.69 per share. This move, coupled with positive technical indicators, has boosted investor confidence, driving the stock's significant rally.
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economictimes.indiatimes.com
Sterlite Technologies surges 5% on QIP launch, sets Rs 613.69 floor price
Sterlite Technologies' stock climbed nearly 5% to Rs 613.35 as it officially launched its Qualified Institutions Placement (QIP) to bolster its capital. The company's board and…
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thehindubusinessline.com
STL launches QIP at ₹613.69 floor price; stock hits upper circuit
STL launches QIP at ₹613.69, with stock hitting upper circuit as it seeks to raise capital from institutional investors.