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Swan Energy launches Rs 4,000-crore QIP
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Swan Energy has launched a 4,000 crore qualified institutional placement (QIP) on Tuesday and set a floor price of 703.29 per share. In a stock exchange filing, Swan said a meeting is scheduled for February 26 to determine the issue price for the shares.
Swan Energy stock gained 3.14% on Tuesday to close at 751. Swan Energy aims to use the funds from the QIP for debt reduction and modernising facilities.
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