Wheels India Capital Structure Change
Wheels India Limited closed its QIP, allocating 11,97,318 equity shares at Rs. 2088 per share. This placement raises Rs. 249.99 Crore in capital.
- Value
- ₹250.0 Cr
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Wheels India Limited closed its QIP, allocating 11,97,318 equity shares at Rs. 2088 per share. This placement raises Rs. 249.99 Crore in capital.
Wheels India Limited approved a floor price of ₹2,197.10 per share and opened its Qualified Institutions Placement to raise capital from institutional investors.
Promoter TSF Investments acquired 10,26,694 Wheels India shares via preferential allotment. Promoter stake increased from 25.01% to 27.81%.
Wheels India Limited allotted 12,32,031 equity shares at Rs. 1461 per share via a preferential issue, raising Rs. 179.9997 Crore.