Board approves fund raise via Qualified Institutions Placement

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Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Shiva Granito Export Ltd has informed the stock exchange that its Board of Directors has approved raising funds through a Qualified Institutions Placement under Chapter V of SEBI ICDR Regulations. Further details on size and pricing are awaited.

Likely market impact

Fund raise may dilute existing shareholders once QIP pricing and size are disclosed.