Cello World shares jump 4% to new high on QIP launch
Thu, Jul 4, 2024 11:33 AM

Cello World shares jump 4% to new high on QIP launch

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Cello World's shares surged 4% to a record high of Rs 1,024 on BSE after launching a qualified institutional placement (QIP) to raise funds. The floor price is set at Rs 896.09 per equity share, with a possible 5% discount. The company aims to raise funds to repay promoter debt of Rs 3.3 billion and finance future capital expansion or acquisitions in the glassware segment.

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