Senco Gold launches QIP after board approved raising funds up to ₹500 crore – CNBC TV18
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The floor price is at a 2% discount to Tuesday’s close of ₹1,169.5 apiece. The stock is 24% down from its record high of ₹1,544 per share.
In October, the company’s board approved the fund raise of up to ₹500 crore via QIP or through various permissible methods.
This the second fund raise that the company is raising funds after its Initial Public Offer (IPO), during which it raised ₹270 crore as fresh capital at ₹317 per share.
At the same time, the board had also given its approval to split the company’s equity shares, the first stock split after it went public in July 2023.
On another note, earlier this year, the company’s MD and CEO Suvankar Sen told CNBC-TV18 that it was planning to open around 18 to 20 new stores this fiscal, including 10 to 12 company-owned locations and 8-10 franchises.
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