Sterling and Wilson Renewable Energy Limited (SWRE) has completed a fundraise of Rs 15 billion through qualified institutions placement (QIP) route.
The Securities Issuance Committee of Board of Directors at its meeting approved the issue and allotment of 43,227,665 equity shares of face value Re 1 each to eligible qualified institutional buyers at the issue price of Rs 347 per equity share (including the premium of
Rs 346 per equity share). The Rs 15 billion QIP witnessed a strong response from both domestic mutual funds and marquee global foreign institutional investors.