Business EconomyPosted at: Jul 13 2024 5:59PM

Pitti Engineering raises Rs 359.99 cr through QIP

Hyderabad, July 13 (UNI) Pitti Engineering, a leading engineering company in the country, has successfully raised Rs 359.99 crore through the qualified institutions placement (QIP).
The proceeds from the QIP will be used to repay and/or prepay certain borrowings availed by the company and for other general corporate purposes. The issue was opened on July 8 and closed on July 11, following approval from its Fund-Raising Committee for the allotment of 34,14,749 equity shares to qualified institutional buyers at an issue price of Rs 1054.25 per equity share.
Domestic and global institutional investors, including SBI Mutual Fund, Aditya Birla Sun Life Mutual Fund, HSBC Mutual Fund, Franklin India Smaller Companies Fund, Motilal Oswal Small Cap Fund, and Kotak Mahindra Life Insurance Company, participated in the QIP, according to a company statement on Saturday.
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SAN FRANCISCO, ARP 22 (UNI):- Union Minister for Finance and Corporate Affairs Nirmala Sitharaman attends Luncheon Roundtable with various pension fund managers and other institutional investors, in San Francisco, US. UNI PHOTO-14F

SAN FRANCISCO, ARP 22 (UNI):- Union Minister for Finance and Corporate Affairs Nirmala Sitharaman attends Luncheon Roundtable with various pension fund managers and other institutional investors, in San Francisco, US. UNI PHOTO-13F

SAN FRANCISCO, ARP 22 (UNI):- Union Minister for Finance and Corporate Affairs Nirmala Sitharaman attends Luncheon Roundtable with various pension fund managers and other institutional investors, in San Francisco, US. UNI PHOTO-12F

RAMBAN, APR 22 (UNI):-Travellers crossing over the debris of slides on Srinagar -Jammu national highway at Ramban that triggered due to heavy rains and cloudbursts on Sunday closed the road for the vehicular traffic for the third consecutive day on Tuesday. UNI PHOTO-12U

CALIFORNIA, APR 22 (UNI):-Union Minister for Finance and Corporate Affairs Nirmala Sitharaman at a fireside chat with Professor Steven J. Davis on Laying the foundations for a developed India 'ViksitBharat by 2047, at the Hoover Institution in California, US. UNI PHOTO-11F

RAMBAN, APR 22 (UNI):-Travellers crossing over the debris of slides on Srinagar -Jammu national highway at Ramban that triggered due to heavy rains and cloudbursts on Sunday closed the road for the vehicular traffic for the third consecutive day on Tuesday. UNI PHOTO-10U

RAMBAN, APR 22 (UNI):-Travellers crossing over the debris of slides on Srinagar -Jammu national highway at Ramban that triggered due to heavy rains and cloudbursts on Sunday closed the road for the vehicular traffic for the third consecutive day on Tuesday. UNI PHOTO-9U

CALIFORNIA, APR 22 (UNI):- Union Minister for Finance and Corporate Affairs Nirmala Sitharaman address on Laying the foundations for a developed India 'ViksitBharat by 2047, at the Hoover Institution in California, US. UNI PHOTO-9F

RAMBAN, APR 22 (UNI):-Travellers crossing over the debris of slides on Srinagar -Jammu national highway at Ramban that triggered due to heavy rains and cloudbursts on Sunday closed the road for the vehicular traffic for the third consecutive day on Tuesday. UNI PHOTO-8U

CALIFORNIA, APR 22 (UNI):- Union Minister for Finance and Corporate Affairs Nirmala Sitharaman address on Laying the foundations for a developed India 'ViksitBharat by 2047, at the Hoover Institution in California, US. UNI PHOTO-8F

RAMBAN, APR 22 (UNI):-Travellers crossing over the debris of slides on Srinagar -Jammu national highway at Ramban that triggered due to heavy rains and cloudbursts on Sunday closed the road for the vehicular traffic for the third consecutive day on Tuesday. UNI PHOTO-7U

RAMBAN, APR 22 (UNI):-Travellers crossing over the debris of slides on Srinagar -Jammu national highway at Ramban that triggered due to heavy rains and cloudbursts on Sunday closed the road for the vehicular traffic for the third consecutive day on Tuesday. UNI PHOTO-6U

RAMBAN, APR 22 (UNI):-Travellers crossing over the debris of slides on Srinagar -Jammu national highway at Ramban that triggered due to heavy rains and cloudbursts on Sunday closed the road for the vehicular traffic for the third consecutive day on Tuesday. UNI PHOTO-5U