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Swan Energy's QIP Opens At Rs 703.29/share
Swan Energy launches Rs 4,000 crore QIP at Rs 703.29/share. Pricing to be determined on Feb. 26. The company acquired Reliance Naval and Engineering in December 2023.
20 Feb 2024, 07:57 PM IST 
(Source: Swan Energy/X)
Swan Energy on Tuesday announced opening of its Rs 4,000 crore fund raise through a qualified institutional payment (QIP), with a starting price fixed at Rs 703.29 per share.
In a stock exchange filing, Swan said pricing of the issue would be decided on Feb. 26.
Swan Energy, in December 2023, acquired Reliance Naval and Engineering through Hazel Mercantile, a special purpose vehicle.
