Amber Enterprises launches QIP to raise around Rs 400 crore
Mon, Sep 7, 2020 7:26 PM

Amber Enterprises launches QIP to raise around Rs 400 crore

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Amber Enterprises, a leading contract maker of room air conditioners (ACs), has launched a qualified institutional placement (QIP) on September 7 to raise around Rs 400 crore for growth capital, a source told Moneycontrol. “The QIP has been launched today (September 7) at a floor price of Rs 1,798.72 per share. It has received strong demand from institutional investors,” the source added.

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