Hi-Tech Pipes has announced that its board of directors has approved a plan to raise Rs 600 crore through the issuance of various securities. The fundraising will be carried out through multiple channels, including private placements, qualified institutional placements (QIP), follow-on public offerings, or rights issues, according to an exchange filing by the company.
The specifics of the securities, including any premium or discount applied, will be determined based on prevailing market conditions and regulatory requirements.
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Source: Moneycontrol
News Desk
