{"id":104577,"date":"2023-06-27T14:02:54","date_gmt":"2023-06-27T08:32:54","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=104577"},"modified":"2023-06-27T14:51:32","modified_gmt":"2023-06-27T09:21:32","slug":"nbfc-stock-touches-all-time-high-after-company-plans-to-raise-1750-cr-via-qip","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/nbfc-stock-touches-all-time-high-after-company-plans-to-raise-1750-cr-via-qip\/","title":{"rendered":"NBFC stock touches all time high after company plans to raise \u20b9 1,750 Cr via QIP"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3889039293\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>Shares of Aditya Birla Capital rose 5 percent on Tuesday\u2019s first half session, hitting an all-time high of Rs 190.30 apiece on the NSE, amid fund-raising plans.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3321146235\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>As per the exchange filing, The company planned to raise up to Rs 1,750 crore in equity shares through qualified institutions placement (QIP) at a 2.9 percent discount to Monday\u2019s closing price, with a floor price of Rs 175.99. The Company stated that the funds received will be utilised to fulfil capitalization requirements.<\/p><p>On Monday, Aditya Birla Capital approved the allotment of 7,57,11,688 shares at Rs 165.10 per share to Grasim Industries and Surya Kiran Investments, both members of the promoter group, for an aggregate value of Rs 1,249.99 crore.<\/p><p>Grasim Industries received 6,05,69,351 shares from Aditya Birla Capital, while Surya Kiran Investments received Rs 1,51,42,337 shares.\u00a0<\/p><div class=\"trade-content_5\" id=\"trade-1852662118\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>As of March 31, Grasim Industries held 1,30,92,40,000 shares of Aditya Birla Capital, representing 54.15 percent. Surya Kiran Investments, on the other hand, held 2,25,07,000 shares or 0.93 percent in the firm.<\/p><p>At 1:35 pm, the stock quoted Rs 190 apiece, up 4.83 percent on NSE.<\/p><p>The company\u2019s share has delivered multibagger returns of 104 percent in a year and 27 percent in six months.<\/p><p>Aditya Birla Capital Ltd is one of India\u2019s top NBFCs which provides services like personal finance, mortgage finance, SME finance, and many more.<\/p><p>As per company financials, revenue climbed 23 percent yearly, rising from Rs 22,229 crore in FY 21-22 to Rs 27,415 crore in FY 22-23. During the same period, net profit climbed by 245 percent, from Rs 1,319 crore to Rs 4,551 crore and the firm recorded a debt-to-equity ratio of 7.57.<\/p><p>As of FY23, the promoter owned 71.02 percent of the firm, Foreign institutional investors held 7.32 percent, and retail investors held 12.92 percent.<\/p><div class=\"trade-content-10\" id=\"trade-2548695185\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p><strong>Written by Omkar C<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-524508917\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Shares of Aditya Birla Capital rose 5 percent on Tuesday\u2019s first half session, hitting an all-time high of Rs 190.30 apiece on the NSE, amid fund-raising plans. As per the exchange filing, The company planned to raise up to Rs 1,750 crore in equity shares through qualified institutions placement (QIP) at a 2.9 percent discount [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":98557,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[4865,31],"tags":[],"class_list":["post-104577","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-analysis","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>NBFC stock touches all time high after company plans to raise \u20b9 1,750 Cr via QIP - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"Shares of the company rose 5 percent on Tuesday\u2019s first half session, hitting an all-time high of Rs 190.30 apiece on the NSE, amid fund-raising plans.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/nbfc-stock-touches-all-time-high-after-company-plans-to-raise-1750-cr-via-qip\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"NBFC stock touches all time high after company plans to raise \u20b9 1,750 Cr via QIP\" \/>\n<meta property=\"og:description\" content=\"Shares of the company rose 5 percent on Tuesday\u2019s first half session, hitting an all-time high of Rs 190.30 apiece on the NSE, amid fund-raising plans.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/tradebrains.in\/features\/nbfc-stock-touches-all-time-high-after-company-plans-to-raise-1750-cr-via-qip\/\" \/>\n<meta property=\"og:site_name\" content=\"Trade Brains Features\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/TradeBrainsOfficial\/\" \/>\n<meta property=\"article:published_time\" content=\"2023-06-27T08:32:54+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-06-27T09:21:32+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/03\/index-cover-image.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"854\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Trade Brains\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/03\/index-cover-image.jpg\" \/>\n<meta name=\"twitter:creator\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:site\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Trade Brains\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/tradebrains.in\/features\/nbfc-stock-touches-all-time-high-after-company-plans-to-raise-1750-cr-via-qip\/\",\"url\":\"https:\/\/tradebrains.in\/features\/nbfc-stock-touches-all-time-high-after-company-plans-to-raise-1750-cr-via-qip\/\",\"name\":\"NBFC stock touches all time high after company plans to raise \u20b9 1,750 Cr via QIP - 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