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The Economic Times
Sona BLW shares jump 3% on raising Rs 2,400 crore via QIP
Shares of Sona BLW Precision Forgings increased by 3.4% to a high of Rs 738.95 on the BSE following the company's announcement of a successful Rs 2,400 crore raise through a Qualified Institutional Placement (QIP) on Tuesday. The QIP, which took place from September 4 to September 9, involved issuing 3.48 crore equity shares to QIBs at an issue price of Rs 690 per share, including a premium of Rs 680 per share.
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Wed, Sep 11, 2024
CNBC TV18
Sona BLW Precision Forgings raises ₹2,400 crore through QIP
Shares of Sona BLW Precision Forgings Ltd ended at ₹699.75, down by ₹18.80, or 2.62% on the BSE.
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Mon, Sep 9, 2024
The Economic Times
Sona BLW Precision Forgings shares zoom 4% on fund raising plans via QIP
Sona BLW Precision Share Price: Sona BLW Precision Forgings' shares surged 4% to Rs 751 after the company announced a floor price of Rs 699.01 per share for its qualified institutional placement. The company may offer a discount of up to 5% on this floor price. Sona Comstar's shares have gained 26% over the past year.
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Thu, Sep 5, 2024
CNBC TV18
Sona BLW Precision Forgings likely to raise up to ₹2,400 crore via QIP at ₹675-700 per share
The company has set an indicative issue price range of ₹675-700 per share for the QIP, with equity dilution expected to be 6.06% at the lower end of the price range, sources in the know told CNBC-TV18.
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Wed, Sep 4, 2024