Amber Enterprises closes ₹1,000 crore QIP — Check which funds have been issued shares
Published on 23/09/2025 05:01 AM
Amber Enterprises closes ₹1,000 crore QIP — Check which funds have been issued sharesNone of the funds who have been issued shares as part of the QIP exercise of Amber Enterprises feature in the list of public shareholders with more than 1% stake in the company at the end of the June quarter.By CNBCTV18September 23, 2025, 5:01:10 AM IST (Published)2 Min ReadAmber Enterprises Ltd. announced the closure of its fund raising exercise on Monday, September 22, through the Qualified Institutional Placement (QIP), through which it has managed to raise ₹1,000 crore.
In an exchange filing, Amber Enterprises highlighted that the company's board has approved the issue and allotment of 12,57,861 shares of the company to eligible buyers.
Shares will be issued to buyers at a price of ₹7,950 apiece, which is a 4.2% discount to Monday's closing price for Amber.
A combination of domestic and foreign funds have been issued more than 5% shares of the total as part of the QIP.
Fund% Of QIP SizeNomura India Investment Fund15Invesco MF (Various Schemes)15HDFC Life Insurance12.5Allianz Global Investors Fund6.5HDFC Mutual Fund5
None of the funds who have been issued shares as part of the QIP exercise feature in the list of public shareholders with more than 1% stake in the company at the end of the June quarter.
After the issuance of shares, the paid-up equity share capital of the company will increase from ₹33.89 crore comprising of 3.38 crore shares of ₹10 each, to ₹35.14 crore, comprising of 3.51 crore share of ₹10 each.
Amber Enterprises initially had plans to raise ₹1,200 crore through the QIP issue.
Promoters of Amber Enterprises had a 39.65% stake in the company at the end of the June quarter.
Shares of Amber Enterprises ended little changed on Monday ₹8,300. The stock trades close to its record high levels, having gained 13% in the last one month, thereby also turning positive on a year-to-date basis.Continue ReadingCheck out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!TagsAmber EnterprisesQIPqualified institutional placement (QIP)share market today