"The "relevant date" for the purpose of this QIP is September 4 and that accordingly the floor price in respect of the aforesaid QIP, based on the pricing formula as prescribed is Rs.766.89 per Equity Share (the "Floor Price"); and authorizing the Company to offer, at its discretion, a discount of up to 5% on the Floor Price to investors in the QIP," the company said in a release to the stock exchange.
The stock opened at Rs 770 and touched an intra-day high of Rs 795 so far. Nearly 18,000 shares were traded on both the stock exchanges so far.
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