BUSINESSCNBC-TV18 Markets · 3 hours agoLive
Persistent Systems raises ₹4,264 crore through its QIP - These institutions received shares
Reported by CNBC-TV18 Markets, not nibnow. We are not the publisher of this story, only the source is.
WHY IT MATTERS
The sizable ₹4,264 crore capital raise by Persistent Systems, with major domestic mutual funds and a foreign pension fund receiving sizable allocations, could influence the company's financial position and market perception.
WHAT HAPPENED
Most of the institutions who have been issued 5% or more shares in the Persistent Systems QIP exercise include India's Domestic Mutual Funds. Goverenment Pension Fund Global is the only Foreign Portfolio Investor (FPI), who has been issued shares as part of the QIP.
WHAT TO WATCH
- •Watch for any regulatory filings or disclosures about the use of the raised funds
- •Observe whether additional institutions participate in future QIP rounds
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