Inox Green and Wheels India announce fundraise plans
What happened
- Inox Green Energy and Wheels India have announced plans to raise funds through a Qualified Institutions Placement (QIP).
- Inox Green aims to raise ₹300 crore, while Wheels India aims to raise ₹250 crore.
- Both companies may offer a discount of up to 5% on their respective floor prices.
Key terms explained
Financial terms from this story, in everyday words.
- Qualified Institutions Placement (QIP)
- A way for listed companies to raise money by selling shares to large institutional investors like banks or mutual funds.
Original source
Mint
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