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HomeNewsWockhardt share price hits upper circuit of 5% as it raises ...

Wockhardt share price hits upper circuit of 5% as it raises ₹480 crore via QIP: What’s happening

Mar 27, 2024 12:15 PM IST

Wockhardt share price: Wockhardt stock was in the upper circuit of 5% at ₹555.80 on BSE and a total of 3935 shares of the firm changed hands.

Wockhardt share price: Shares of Wockhardt Ltd hit upper circuit of 5% today (March 27) after the firm said it raised 480 crore via Qualified Institutional Placement (QIP) of shares. Wockhardt said that the capital raising committee approved the issue and allotment of 92,85,163 Equity Shares to eligible QIBs at an issue price of 517 per share- a 5% discount to the QIP floor price of 544.02 per share. The QIP of shares was open from March 20 to March 26.

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