JK Tyre & Industries raises Rs 500 crore through QIP
JK Tyre & Industries raises Rs 500 crore through QIP JK Tyre & Industries, one of the leading tyre manufacturers in India has announced that it has successfully concluded its fund-raising plans of Rs 500 crore by way of Qualified Institutional Placement (QIP). The QIP was priced at Rs 345 per share (including a premium of Rs 343 per share with face value of Rs 2 per share), which it says received overwhelming response from marquee investors including Indian mutual funds, insurance companies and foreign institutional investors.
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