Asahi India Glass has announced the approval for a Qualified Institutional Placement (QIP) of its equity shares. The board approved a floor price of ₹844.79 per share. The QIP issue opened today, September 15, 2025. The company may offer a discount of up to 5% on the floor price. The issue price will be determined in consultation with lead managers.
QIP Issue Details
Asahi India Glass (AIS) has announced a Qualified Institutional Placement (QIP) of its equity shares. The decision was made following a meeting of the LTP Committee today, September 15, 2025. This follows previous approvals from the Board of Directors on January 29, 2025, and shareholders on March 15, 2025.
Key Approvals and Dates
The LTP Committee has approved the preliminary placement document dated September 15, 2025. They also approved the floor price for the issue, set at ₹844.79 per Equity Share. The issue officially opened today, September 15, 2025.
Pricing and Discount
According to the announcement, the company may offer a discount of no more than 5% on the floor price. The final issue price will be determined in consultation with the lead managers appointed for the QIP.
Trading Window Closure
The trading window will be closed with immediate effect until September 18, 2025, for the purpose of this QIP issue.
Source: BSE
