Anant Raj shares fall over 3% after launching QIP to raise up to ₹1,100 crore
Published on 08/10/2025 09:38 AM
Anant Raj shares fall over 3% after launching QIP to raise up to ₹1,100 croreShares of Anant Raj have risen 35% in the last one month, but despite this recent upmove, the stock has remained an underperformer, declining 17% so far in 2025.By CNBCTV18.com October 8, 2025, 9:38:33 AM IST (Updated)1 Min ReadShares of Real estate developer Anant Raj Ltd. fell over 3% on Wednesday, October 8, after the company's Finance and Investment Committee has approved the opening of a qualified institutions placement (QIP) of equity shares with a floor price of ₹695.83 per share.
The floor price has been determined in accordance with the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, the company said in a filing to the exchanges.
The company may offer a discount of up to 5% on the floor price as permitted under the regulations. The issue price will be finalised in consultation with the book-running lead managers appointed for the offering.
All five analysts who have coverage on Anant Raj have a "buy" rating on it.
Shares of Anant Raj are currently trading 3.3% lower on Wednesday at ₹711.35. The stock had surged over 4% in Tuesday's session. The stock is still down 17% on a year-to-date basis.Continue ReadingFirst Published: Oct 7, 2025 10:02 PM ISTCheck 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!TagsQIPqualified institutional placement QIPshare market today