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

Kalpataru Projects International Limited has announced a qualified institutions placement (QIP) to raise funds by offering equity shares at a floor price of ₹1214.98 each. The QIP Committee has authorized the opening of the issue, and the relevant date for the pricing was set as December 12, 2024. The company may offer a discount of up to 5% on the floor price. The exact issue price will be finalized in consultation with the appointed book-running lead managers. The funds raised will contribute to business growth and strategic initiatives.