Digital trust service provider eMudhra has initiated a Qualified Institutional Placement (QIP) offer to raise funds amounting to ₹200 crore, as revealed by sources to CNBC TV-18 on Saturday, January 13.
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Sources privy to the development disclosed that the indicative issue price for the QIP offer is set at ₹422 per share. This proposed issue price reflects a discount of up to 9.5 percent compared to the last closing price.
As of 11:33 am, eMudhra’s shares continued their positive trajectory, trading 2.68% higher at ₹479.00. The QIP offer signifies the company’s strategic move to bolster its financial position and drive growth in the digital trust services sector.
