HFCL Limited has announced the approval for a Qualified Institutions Placement (QIP) issue, setting the floor price at ₹65.84 per equity share. The decision was made by the Fund Raising Committee on December 22, 2025. The company may offer a discount of up to 5% on the floor price. The trading window remains closed until December 28, 2025.
QIP Issue Approved
HFCL Limited has received approval to proceed with a Qualified Institutions Placement (QIP) of equity shares. The Fund Raising Committee of Directors approved the opening of the issue on December 22, 2025.
Floor Price Details
The floor price for the QIP issue has been set at ₹65.84 per equity share. The company retains the discretion to offer a discount of no more than 5% on this floor price, as per shareholder approval obtained on September 15, 2025.
Key Dates and Trading Window
The ‘relevant date’ for the QIP issue, as defined by regulations, is December 22, 2025. The trading window for designated persons and their relatives, which closed on November 18, 2025, will remain closed until December 28, 2025, for the purpose of this issue.
Source: BSE