Swan Energy QIP Opens at Rs 703.29/share

Feb 20, 2024 19:30

Swan Energy announces the opening of its Rs 4,000 crore qualified institutional placement (QIP) at a starting price of Rs 703.29 per share. Pricing will be finalized on February 26.

New Delhi, Feb 20 (PTI) Swan Energy on Tuesday announced opening of its Rs 4,000 crore fund raise through a qualified institutional payment (QIP), with a starting price fixed at Rs 703.29 per share.

In a stock exchange filing, Swan said pricing of the issue would be decided on February 26.

Swan Energy, in December 2023, acquired Reliance Naval and Engineering through Hazel Mercantile, a special purpose vehicle.

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Swan Energy QIP Opens at Rs 703.29/share

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