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Hitachi Energy India Limited ( (IN:POWERINDIA) ) just unveiled an announcement.
Hitachi Energy India Limited has announced the approval of a Qualified Institutions Placement (QIP) to raise funds through the issuance of equity shares. This strategic move, approved by the company’s Board and Fund Raise Committee, aims to strengthen the company’s financial position and support its growth initiatives. The floor price for the equity shares has been set, with the possibility of offering a discount, and the trading window for dealing in the company’s securities is temporarily closed to prevent insider trading.
More about Hitachi Energy India Limited
Hitachi Energy India Limited operates in the energy sector, providing innovative solutions and services for the power industry. The company focuses on sustainable energy solutions, leveraging technology to enhance energy efficiency and reliability.
YTD Price Performance: -15.71%
Average Trading Volume: 5,539
Current Market Cap: 553B INR
For an in-depth examination of POWERINDIA stock, go to TipRanks’ Stock Analysis page.