QIP Details

Type of Issuance: Equity Shares

Total Amount Raised / Intended to Raise: The company intends to raise an aggregate amount not exceeding ₹2,000 Crores.

Number of Securities Issued: The specific number of shares to be issued was not disclosed in the document, only the total monetary value of the offering.

Face Value and Issue Price: Each equity share has a face value of ₹5. The floor price for the Issue, calculated as per SEBI ICDR Regulations, is ₹8,966.13 per Equity Share. The Company may offer a discount of not more than 5% on this floor price. The final issue price will be determined in consultation with the Lead Manager.

Premium: The issue price represents a significant premium to the face value of ₹5.

Names of Allottees: Not disclosed in this announcement.

Timeline and Approval References:

  • Board of Directors approval: Meeting held on Saturday, 16th May 2026.
  • Shareholders' approval: Special Resolution passed at the Extra-Ordinary General Meeting held on Saturday, 13th June 2026.
  • Fund-Raising Committee (FRC) approval: Meeting held on 15th June 2026, which commenced at 5:00 PM and concluded at 5:15 PM.
  • The 'Relevant Date' for the Issue is fixed as 15th June 2026.
  • The Preliminary Placement Document was dated and approved on 15th June 2026.

Purpose of the QIP: The specific purpose for raising the capital was not disclosed in the document.

Post-QIP Shareholding Pattern: Not disclosed in this announcement.

Other Announcements in the Document

The document also contained the following procedural and compliance disclosures:

  • The company's insider trading window for all 'Designated Persons' has been closed and will remain closed until 48 hours after the determination of the final issue price for the QIP, as per the company's Prevention of Insider Trading Code.
  • The announcement is being made in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and SEBI Master Circular No. SEBI/HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated 11th July, 2023 (as updated on 30th January, 2026).