Hitachi Energy India reported Rs 2520.82 crore QIP proceeds used as planned, with minor adjustments Back
<p>Hitachi Energy India Limited informed the BSE Limited and National Stock Exchange of India that there was no deviation or variation in the use of proceeds raised through a Qualified Institutional Placement (QIP) of Rs 2520.82 crores from the objects stated in the Placement Document dated March 13, 2025, for the quarter ended September 30, 2026. The company noted that an unutilized balance of Rs 9.08 crores, originally allocated towards issue-related expenses, was transferred to a Monitoring Account and reallocated towards General Corporate Purposes, revising the net proceeds of the QIP to Rs 2,485.37 crores.</p>