Kalpataru Projects International Limited — QIP/Rights/Pref., 16-12-2024: Qualified Institutional Placement

Kalpataru Projects International Limited has completed a Qualified Institutional Placement (QIP), raising funds through the issuance of 83,26,394 equity shares at an issue price of ₹1,201 per share (including a premium of ₹1,199). This price reflects a 1.15% discount to the floor price of ₹1,214.98. The QIP Committee has approved the allocation and will notify the participating institutional buyers accordingly. The funds raised will support the company’s strategic initiatives, further enhancing its financial position.