Drug firm Strides Shasun today said it mopped up over Rs 1,102 crore through qualified institutional placement (QIP), which closed on Monday.
"The QIP Committee of the company, on December 21, 2015, approved closure of issue period of the QIP on December 21, 2015. Approved the issue price of Rs 1,278 per equity share," Strides Shasun said in a filing to BSE.
"The issue price is at a discount of 4.97 per cent to the floor price of Rs 1,344.78 per equity share, in accordance with proviso to Regulation 85(1) of Sebi ICDR regulations."
The company said it raised Rs 1,102.66 crore through the QIP, which was opened by the company on December 17.
In September, the company had said it planned to raise up to Rs 1,500 crore through various market instruments.
Strides Shasun stock was trading at Rs 1,301.55, down 0.49 per cent, on BSE.
