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Funding and debt▼ Bearish for Wheels India
Wheels India allots 11.97 lakh equity shares under QIP issue
The brief
- Wheels India allotted 11.97 lakh equity shares under a QIP
- Paid-up equity share capital rose to Rs.26,86,23,610, comprising 2,68,62,361 shares
- QIP share issuance dilutes existing holdings; Wheels India shareholders are exposed
- Wheels India launches ₹250 crore QIP at ₹2,088 per share
- Inox Green and Wheels India QIPs draw investor attention