[ad_1] In what comes as a confirmation of a CNBC-TV18 newsbreak from September 3, Samvardhana Motherson International Ltd. has launched a Qualified Institutional Placement (QIP) to raise funds. The auto component manufacturer’s board approved the launch of the institutional share sale on Monday evening, the company said in an exchange filing. Floor price of the […]
Samvardhana Motherson working towards a $1 billion QIP: Exclusive – CNBC TV18
[ad_1] Auto components manufacturer Samvardhana Motherson Ltd. is planning to sell shares to eligible institutional investors and raise up to $1 billion through the same, sources privy to the matter told CNBC-TV18. The QIP, according to the sources, is likely to be launched soon. Samvardhana Motherson is likely to utilise the QIP proceeds either for […]