PG Electroplast shares: The deal entails the sale of 1.59 crore shares at a floor price of Rs 740 each, reflecting a 4.4% discount compared to the stocks closing price of Rs 773.95 on May 26, 2025, on the National Stock Exchange (NSE).
Indian markets fell sharply on Tuesday, with Sensex down 873 points and Nifty losing 261 points, amid weak global cues, profit booking, and cautious investor sentiment driven by US fiscal uncertainty and India-US trade concerns.
With demand being up over the past few years, the company expects to maintain its compound annual growth rate (CAGR) at 35-40% for the next two to three years.
Stocks including Whirlpool of India, Dr Reddy's Labs, TVS Motor, Bharat Forge, HG Infra, Ramky Infra, Allcargo Gati and more will be in the spotlight on Tuesday, December 24.
Stock Market today | Share Market Updates - Find here all the updates related to Sensex, Nifty, BSE, NSE, share prices and Indian stock markets for 24 December 2024.
PG Electroplast Ltd. concludes its ₹1,500 crore QIP with an issue price of ₹699 per share, aiming to fund subsidiaries, repay borrowings, and expand into EV manufacturing.
PG Electroplast launches QIP to raise Rs 1,500 crore, supporting EV manufacturing expansion and subsidiary investments. Learn about the fundraising details and future plans.