Hitachi Energy India Limited — Important, 13-03-2025: General Updates

The Fund Raise Committee of Hitachi Energy India Limited has approved the closure of a Qualified Institutions Placement (QIP) for equity shares, having successfully received applications and funds from eligible Qualified Institutional Buyers (QIBs). A total of 2,190,688 equity shares will be allocated at an issue price of ₹11,507 each, which includes a premium of ₹11,505 per share, reflecting a discount of ₹605.50 per share from the floor price. The committee has also adopted the Placement Document and finalized the Confirmation of Allocation Note to be dispatched to QIBs regarding their share allocation. Refund letters will be issued to bidders entitled to refunds. This capital raise is expected to enhance the company’s financial strength and support future growth initiatives, creating a positive outlook for investors.