Inox Leisure raises approx Rs 300 cr through QIP


Mumbai, Jun 14 (IANS): Multiplex major Inox Leisure on Monday said it has successfully completed fundraising of approximately Rs 300 crore through Qualified Institutions Placement (QIP).

The QIP, which opened for subscription on June 8 and closed on June 11, was over-subscribed by more than 5 times.

"Inox allotted 96,77,419 equity shares with a face value of Rs 10 each, to eligible Qualified Institutional Buyers (QIBs) at an issue price of Rs 310 per share (including premium)."

"The QIP saw subscriptions from marquee Indian and global institutional investors. Indian investors included prominent investors like HDFC MF, Aditya Birla Sunlife MF, Nippon Life India MF, ICICI Prudential MF, and Premji Invest."

As per the company, funds raised through the QIP would be utilised by Inox towards working capital requirements, debt repayments and to meet the current operational expenses, amongst others.

At present, the company has 153 multiplexes and 648 screens in 69 cities.

  

Top Stories


Leave a Comment

Title: Inox Leisure raises approx Rs 300 cr through QIP



You have 2000 characters left.

Disclaimer:

Please write your correct name and email address. Kindly do not post any personal, abusive, defamatory, infringing, obscene, indecent, discriminatory or unlawful or similar comments. Daijiworld.com will not be responsible for any defamatory message posted under this article.

Please note that sending false messages to insult, defame, intimidate, mislead or deceive people or to intentionally cause public disorder is punishable under law. It is obligatory on Daijiworld to provide the IP address and other details of senders of such comments, to the authority concerned upon request.

Hence, sending offensive comments using daijiworld will be purely at your own risk, and in no way will Daijiworld.com be held responsible.