Asahi India Glass Limited has announced the closure of its Qualified Institutions Placement (QIP) issue. The LTP Committee approved the closure on September 18, 2025, with an issue price of ₹844.79 per equity share. A total of 1,18,37,261 equity shares were allocated to eligible qualified institutional buyers. The committee also approved the placement document.
QIP Issue Closure
Asahi India Glass Limited (AIS) has successfully closed its Qualified Institutions Placement (QIP) issue. The decision was made during the LTP Committee meeting held on September 18, 2025.
Key Details of the QIP
The LTP Committee approved the following key resolutions:
- Closure of the Issue: The QIP issue officially closed on September 18, 2025, following the receipt of application forms and funds in the escrow accounts.
- Share Allocation: 1,18,37,261 Equity Shares were allocated at an issue price of ₹844.79 per Equity Share, which includes a premium of ₹843.79 per Equity Share.
- Placement Document: The Placement Document dated September 18, 2025, was approved and adopted.
- Allocation Confirmation: The Confirmation of Allocation Note (CAN) will be sent to eligible qualified institutional buyers, notifying them of their share allocation.
- Refund Issuance: A refund intimation letter will be issued to bidders entitled to receive a refund.
Meeting Conclusion
The LTP Committee meeting commenced at 5:00 P.M. and concluded at 6:00 P.M. on September 18, 2025. The company is filing the Placement Document dated September 18, 2025, with the relevant office.
Source: BSE