Mumbai: Swan Energy, a diversified company, has successfully raised Rs. 3,319 crore through a qualified institutions placement (QIP). The company on Thursday allowed 4.95 crore shares of face value Rs 1 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.
Quant Mutual Fund acquired 18.08% of the total issue size, while Life Insurance Corporation and SBI Life Insurance each purchased 9.04% of the issue size. Other investors in the QIP include The Triumph Fund and Dovetail India.
