Techno is raising funds from Market by the way of QIP at the floor price of Rs 1506.58. The offer price is 0.7% premium to the last closing price. Their release did not mention the quantum of funds to be raised from the market. They are debt free and hold a cash kitty of Rs 1200 crores. Unable to understand the reason for raising further funds from the market.
Discl: Invested
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