Comments
The board of Premier Explosives on Monday approved the opening of the qualified institutional placement and fixed the floor price of the issue at ₹414.97.
The company may offer a discount of 5 per cent on the floor price, Premier Explosives said in a notification to the stock exchanges.
The company had earlier received the approvals of its shareholders to raise up to ₹80 crore through the QIP. Shares of Premier Explosives closed 0.35 per cent lower at ₹428.80, on the BSE.
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.