Sterling & Wilson Renewable Energy announced the completion of a fundraise of Rs. 1,500 crore through Qualified Institutions placement (QIP) route.
The company has allotted 4,32,27,665 equity shares of face value Re. 1/- each to eligible qualified institutional buyers at the issue price of Rs. 347/- per equity share (including the premium of Rs. 346/- per equity share).
The Rs. 1,500 crore QIP witnessed a strong response from both domestic mutual funds and marquee global FIIs.
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