Deepak Fertilisers and Petrochemicals Corporation Ltd on Friday informed that it has raised ₹510 crore through the issue of equity shares to institutional investors. The company launched qualified institutional placement (QIP) issue on October 19. The allocation to institutional buyers has been made at a discount of ₹12.48 per share, from the floor price of ₹422.48 per share. The filing did not mention the proposed utilisation of funds raised through this QIP issue. This article was first published on livemint.com.

Source: Mint October 23, 2021 00:52 UTC