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Mint
Cello World stock jumps over 6% to new high after launch of ₹730 crore QIP
Cello World's stock soared over 6% to a new high after launching a ₹730 crore QIP at a floor price of ₹896.09. The fundraising aims to repay debt, enhance manufacturing facilities, and reduce promoter's stake to comply with SEBI norms.
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Thu, Jul 4, 2024
The Economic Times
Cello World launches Rs 737 crore QIP
The term sheet indicates an indicative issue price of Rs 852 per share and a floor price of Rs 896 per share. Cello World’s stock closed at Rs 961 on July 3, indicating that the QIP is being launched at an 11% discount to the last closing price.
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Thu, Jul 4, 2024
The Economic Times
Cello World shares jump 4% to new high on QIP launch
Cello World's shares surged 4% to a new high of Rs 1,024 on BSE following the launch of a qualified institutional placement to raise funds. The company plans to utilize the funds for debt repayment and potential expansion in the glassware segment or acquisitions.
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Thu, Jul 4, 2024
