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An announcement from Ratnaveer Precision Engineering Ltd. ( (IN:RATNAVEER) ) is now available.
Ratnaveer Precision Engineering Ltd. announced the approval of the allotment of 12,793,102 equity shares at a price of Rs. 145 per share through a Qualified Institutions Placement (QIP). This move is set to raise approximately Rs. 185.5 crore, increasing the company’s paid-up equity share capital significantly. The issuance aims to strengthen the company’s financial position and potentially enhance its market presence, reflecting a strategic effort to capitalize on growth opportunities.
More about Ratnaveer Precision Engineering Ltd.
Ratnaveer Precision Engineering Ltd. operates in the precision engineering industry, focusing on the production and supply of high-quality engineering components. The company is known for its expertise in manufacturing precision metal products and has a market focus on serving various industrial sectors with its engineering solutions.
Average Trading Volume: 24,074
Technical Sentiment Signal: Buy
Current Market Cap: 8.39B INR
For detailed information about RATNAVEER stock, go to TipRanks’ Stock Analysis page.