Asahi India Glass Limited (AIS) has successfully completed a qualified institutions placement (QIP) of equity shares, raising approximately ₹1,00,000 lakhs. The placement was undertaken under Chapter VI of SEBI ICDR Regulations and Sections 42 and 62 of the Companies Act, 2013. The announcement, dated September 18, 2025, confirmed compliance with regulations and filing of necessary documents with stock exchanges.
QIP Closure and Details
Asahi India Glass Limited (AIS) has announced the closure of its qualified institutions placement (QIP) for equity shares, according to a communication to the stock exchanges. The company successfully raised approximately ₹1,00,000 lakhs through this placement.
Regulatory Compliance
This QIP adhered to Chapter VI of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, along with Sections 42 and 62 of the Companies Act, 2013, as amended. The company has also filed the necessary documents with the stock exchanges, ensuring regulatory compliance.
Issue Specifics
The issue included approximately 1,18,37,261 equity shares, with an issue price of ₹844.79 per Equity Share, according to document Bids were made with 10% of the Equity Shares set aside for Mututal Funds and 90% for all Eligible QIBs.
Source: BSE
