Senco Gold Limited — QIP/Rights/Pref., 10-12-2024: Qualified Institutional Placement

Senco Gold Limited has proposed a qualified institutions placement (QIP) of equity shares with a face value of ₹10 each, amounting to a floor price of ₹1,139.49 per share. The QIP Committee's meeting has approved the opening of the issue today, with the preliminary placement document being filed with stock exchanges. The Company may offer a discount of up to 5% on the floor price. This capital raise aims to enhance liquidity and support business growth initiatives. The 'relevant date' for the issue is set as December 10, 2024.