Quint Digital moves up on getting nod to raise funds up to Rs 250 crore via QIP
Quint Digital is currently trading at Rs. 90.00, up by 1.25 points or 1.41% from its previous closing of Rs. 88.75 on the BSE.
The scrip opened at Rs. 89.00 and has touched a high and low of Rs. 92.50 and Rs. 89.00 respectively. So far 7126 shares were traded on the counter.
The BSE group 'X' stock of face value Rs. 10 has touched a 52 week high of Rs. 177.00 on 06-Oct-2023 and a 52 week low of Rs. 80.00 on 05-Jun-2024.
Last one week high and low of the scrip stood at Rs. 92.50 and Rs. 86.00 respectively. The current market cap of the company is Rs. 424.28 crore.
The promoters holding in the company stood at 61.94%, while Institutions and Non-Institutions held 11.58% and 26.48% respectively.
Quint Digital has received approval for raising of capital by way of issuance of equity shares and/or equity linked securities by way of Qualified Institutions Placement (QIP) for an aggregate amount not exceeding Rs 250 crore in one or more tranches, subject to the approval of the Members and Regulatory Authority (if any). The Board of Directors of the Company in their meeting held on August 12, 2024, inter-alia considered and approved the same.
Quint Digital is primarily engaged in the business of running websites through web, digital or mobile media and which may include various information including current affairs, lifestyle, entertainment etc.
