Secondary Issues

Stock broking co Angel One raises Rs.1,500-Cr via QIP

Business Today  

Mumbai-headquartered stock broking firm Angel One has raised INR 1,500 crore via qualified institutional placement (QIP) of shares. The funds will be used to fuel the firm’s expansion plans.Angel One sold 58,70,818 equity shares to qualified institutional buyers at a floor price of INR 2555.01 per share.

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