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Ratnaveer Precision Engineering Ltd. ( (IN:RATNAVEER) ) has provided an update.
Ratnaveer Precision Engineering Limited announced the closure of its trading window in compliance with SEBI regulations and the initiation of a qualified institutions placement (QIP) of equity shares. The company’s Fund Raising Committee has approved the opening of the issue, set the floor price at Rs. 152.46 per share, and adopted the preliminary placement document. This move aims to raise capital, potentially offering a discount on the floor price, and is expected to impact the company’s financial flexibility and market positioning.
More about Ratnaveer Precision Engineering Ltd.
Ratnaveer Precision Engineering Limited, formerly known as Ratnaveer Metals Limited, operates in the precision engineering industry. The company is involved in manufacturing and providing engineering solutions, with a focus on producing high-quality precision components.
Average Trading Volume: 23,996
Technical Sentiment Signal: Hold
Current Market Cap: 8.15B INR
For detailed information about RATNAVEER stock, go to TipRanks’ Stock Analysis page.