V-Mart Retail raises Rs 375 cr from QIBs, Retail News, ET Retail

V-Mart Retail raises Rs 375 cr from QIBsV-Mart Retail on Wednesday reported it has lifted Rs 374.99 crore by issuing shares to a established of buyers as a result of competent institutional customers (QIBs).

“The board of directors of the corporation (Investment Committee) at its meeting…permitted the situation and allotment of fifteen,30,612 equity shares experience price of Rs 10 each and every to 30 competent institutional customers at the situation cost of Rs 2,450 for every equity share (such as a premium of Rs 2,440 for every equity Share), aggregating to Rs 374,99 crore,” V-Mart Retail reported in regulatory filing.

V-Mart Retail reported the situation opened on January 28, 2021 and shut on Feb 2, 2021.

Shares of V-Mart Retail shut .twenty five for every cent increased at Rs 2,458 apiece on the BSE.

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