Sudarshan Chemical Industries Limited — QIP/Rights/Pref., 29-01-2025: Allotment of Securities

Sudarshan Chemical Industries Limited has approved the allotment of 74,76,635 equity shares at ₹ 1,070 per share through a Qualified Institutional Placement, raising approximately ₹ 800 crore. This issuance involved a premium of ₹ 1,068 per share and a discount of about ₹ 37.89, amounting to a total capital increase from ₹ 142.2 crore to ₹ 157.1 crore. Notable allocations were made to various mutual funds, including Tata Mutual Fund and DSP Small Cap Fund, with Tata securing the largest share at 18,69,159 shares, representing 25% of the total issue.