Swan Energy’s QIP opens with starting price fixed at Rs 703 per share

Swan Energy on Tuesday announced opening of its Rs 4,000 crore fund raise through a qualified institutional payment (QIP), with a starting price fixed at Rs 703.29 per share.

In a stock exchange filing, Swan said pricing of the issue would be decided on February 26.

Swan Energy, in December 2023, acquired Reliance Naval and Engineering through Hazel Mercantile, a special purpose vehicle.