Cosmo Films to be in focus on QIP plans

The board of directors of Cosmo Films meets on Thursday to decide fund-raising plans through a qualified institutional placement of equity shares. Market participants will closely watch the issue price and the quantum of the securities to be offered by the manufacturer of packaging films, print lamination and specialty films. Promoters hold 43.51 per cent stake in the firm while institutions and non-institutions own 1.71 per cent and 54.78 per cent stake, respectively.