Swan Energy declines 3.6% on profit booking; Co raises Rs 3,300-cr via QIP
Shares of Swan Energy declined 3.6 per cent to Rs 735 on the BSE in Saturday’s special trading after the company raised Rs 3,319 crore via Qualified Institutions Placement (QIP).
It allotted 49.5 million shares to eligible, qualified institutional buyers at the issue price of Rs 670 per share against the floor price of Rs 703.29 per share, the company said in an exchange filing.
Some of the marquee investors included Quant Mutual Fund, SBI Life, LIC, LIC Mutual Fund, Tata Mutual Fund, Infini Mutual Funds, SBI General Insurance, BNP Paribas Mutual Fund, Nomura, Diamond Asia, Bank of India Mutual Fund, ITI Mutual Fund, Goldman Sachs, Future Generali, Anand Rathi, and other domestic and foreign institutions and family offices.
