Gravita India Limited — QIP/Rights/Pref., 19-12-2024: Allotment of Securities

Gravita India Ltd. has announced a board meeting regarding the qualified institutions placement (QIP) that successfully raised ₹1,000 crores by issuing 47,70,537 equity shares at an issue price of ₹2,096.20 per share. This figure includes a premium of ₹2,094.20. The allotment benefited 54 eligible qualified institutional buyers, leading to an increase in the paid-up equity share capital from ₹1,380.76 crore to ₹1,476.17 crore. The company will provide an updated shareholding pattern alongside the listing application. Notable allottees include Oxbow Master Fund and Mirae Asset Mutual Fund, each acquiring over 5% of the shares offered.