Friday, 3 July 2020

Agri-sciences company PI Industries launches QIP to raise Rs.2,000 crores in funds by ET NOW

Agri-sciences company PI Industries launches QIP to raise Rs.2,000 crores in funds

Video description:
PI Industries has launched a qualified institutional placement or OIP to raise funds worth Rs 2,000 crores. It is being reported that the funds will be directed towards ramping up growth opportunities and increase capacity. The QIP has been launched at an indicative price of Rs.1,534 per share. The proceeds will be also be used to scale the current business, and fund new technology. In February and March, the company had been looking to raise a similar amount, however, it was put on the back burner amid the outbreak of the COVID-19 pandemic and the subsequent lockdown. Watch the video to know more! Subscribe To ET Now For Latest Updates On Stocks, Business, Trading | ► https://goo.gl/SEjvK3 Subscribe Now To Our Network Channels :- Times Now : http://goo.gl/U9ibPb The NewsHour Debate : http://goo.gl/LfNgFF To Stay Updated Download the Times Now App :- Android Google Play : https://goo.gl/zJhWjC Apple App Store : https://goo.gl/d7QBQZ Social Media Links :- Twitter - http://goo.gl/hA0vDt Facebook - http://goo.gl/5Lr4mC G+ - http://goo.gl/hYxrmj Website - www.etnownews.com
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