Burger King India closes QIP issue, finalises issue price at Rs129.25 per share; Stock gains

16 Feb 2022 , 09:15 AM

Burger King India on Tuesday closed its qualified institutional placement (QIP) issue and finalized the issue price at Rs129.25 per share including a premium of Rs119.25 per equity share, which is a discount of 5% i.e. Rs6.80 per equity share to the floor price of Rs136.05 per share. The equity shares are of face value Rs10 each

“The Fund Raising Committee at its meeting held on February 15, 2022, has approved and adopted the placement document dated February 15, 2022, in connection with the Issue.”

The Issue opened on February 10, 2022, and on February 15, 2022.

During early trade on Wednesday, Burger King India was trading at Rs133.60 per piece up Rs1.80 or 1.37% on the BSE.