Eveready Plans QIP to Raise up to Rs 120 Crore

Kolkata: Storage cell major Eveready Industries India plans to raise Rs 100-120 crore in the current fiscal by issuing shares to qualified institutional investors, diluting up to 5 per cent equity of the company to pare high cost debt. "We plan to raise Rs 100-120 crore. In the event of five per cent equity dilution in the company, promoter's stake could come down by 1-2 per cent," Eveready Industries managing director Amritangsu Kh...