Sensex Today | Stock Market LIVE Updates: Goodluck India raised close to Rs. 200 crores in QIP round

Goodluck India announced successful closure of its Qualified Institutional Placement (QIP) round. The company’s Board approved the issue and allotment of 21,27,659 equity shares to Qualified Institutional Buyers (QIBs) at an issue price of Rs. 940 per share at a premium of Rs 938 per share. The company proposes to utilise the proceeds from the issue to fund its working capital requirements and for general corporate purposes. It plans to utilise Rs 150 crore of the net proceeds towards its further estimated working capital requirements.