2/6/2025, 4:04:03 pm

Swan Defence and Heavy Industries plans to raise Rs 750 crore via QIP

Swan Defence and Heavy Industries plans to raise Rs 750 crore through a Qualified Institutional Placement (QIP) to enhance shipbuilding capacity and meet SEBI's minimum public shareholding norms. The promoter, Hazel Infra, will reduce its stake from 94.91% to 89.91%. The QIP, valued at Rs 15,000 crore, aims to achieve 20% dilution for regulatory compliance.