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STL Raises INR 1000 Crore via QIP; Boosts Confidence of Investors

wirecableMay 8, 2024May 8, 2024

May 8, 2024May 8, 2024

STL raised INR 1000 crore through a QIP route planned to be utilized towards strengthening their balance sheet. Apr 17, 2024 STL, a leading optical and digital solutions company has announced that it has raised INR 1000 crore via Qualified Institutional Placement (QIP) route. Showcasing confidence in STL, the entire......

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HFCL Wins Order of INR 97 crore for Optical Fibre Cables

desk3September 5, 2022September 6, 2022

September 5, 2022September 6, 2022

In December 2021, HFCL Ltd. attained funds of INR 600 crore via a Qualified Institutional Placement (QIP) issue. September 5, 2022 HFCL Ltd. and its subsidiary HTL Ltd., have bagged orders of about INR 97 crore from a leading Indian telecom operator. As published in a news daily – the......

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HFCL Raises INR 600 crore through QIP Issue

desk3December 15, 2021December 16, 2021

December 15, 2021December 16, 2021

The telecom company is planning to use the QIP proceeds for setting up new manufacturing facilities, capacity expansions, R&D, and product development. December 15, 2021 Indian telecom gear and equipment manufacturer HFCL Limited (HFCL) has raised INR 600 crore through a QIP (qualified institutional placement) issue. The QIP received responses......

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KEI Industries Raises INR 500 Crore Through QIP

wirecableJanuary 30, 2020January 30, 2020

January 30, 2020January 30, 2020

The company plans to use the funds to partially pay debt and fund its growth plans for the next couple of years. January 28, 2020 KEI Industries has raised INR 500 crore through qualified institutional placement (QIP) offering, as reported in a leading daily. QIP is a tool used by......