Sterling and Wilson Renewable Energy launched its Qualified Institutional Placement (QIP) on Monday, December 11. The Securities Issuance Committee, in accordance with Securities and Exchange Board of India (SEBI) guidelines, approved a floor price of Rs 365.02 per share for the issuance.
The global pure-play, end-to-end renewable engineering, procurement, and construction (EPC) solutions provider also announced its consideration to offer a potential discount of up to 5% on the floor price. A crucial meeting, scheduled for December 14, 2023, will play a pivotal role in determining the final issue price of the equity shares.
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During this meeting, the Securities Committee will deliberate on the issue price and any permissible discounts under the SEBI-ICDR Regulations. Sterling and Wilson Renewable Energy emphasized that the collaborative effor…