Angel One raises Rs 1500 crore via QIP

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Angel One raises Rs 1500 crore via QIP

(20 Second reading) Stock broking firm Angel One has raised Rs 1,500 crore via qualified institutional placement (QIP) of shares. The funds will be used to fuel expansion plans.
Angel One sold 58,70,818 equity shares to qualified institutional buyers at a floor price of Rs 2555.01 per share. The floor price was at a 6.32% discount to closing price of Rs 2727.60 on March 26. The QIP issue was open from March 26 to April 2.
Angel One stock has risen 49.65% in six months and gained 154.63% in a year.

« ZEE Layoffs Workforce By 15% To Cut Costs

Tata Steel Q4 records highest annual crude steel production »

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