Gravita India Limited — QIP/Rights/Pref., 16-12-2024: Qualified Institutional Placement

Gravita India Ltd. has announced a board meeting regarding a qualified institutional placement (QIP) of equity shares with a face value of ₹2 each. The Fund Raising Committee has set the floor price at ₹2,206.49 per share, as determined by SEBI regulations. The committee is authorized to proceed with the issuance to eligible institutional buyers, with the option to offer a discount of up to 5% on the floor price. The relevant date for this QIP is December 16, 2024, and the meeting proceeded smoothly from 4:30 PM to 5:00 PM.