Elitecon International Board Approves Rs 1,000 Crore Fundraise Through QIP; Check Details
New Delhi [India], October 13: Elitecon International Limited has announced that its Board of Directors has approved a proposal to raise up ...
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“Elitecon International Board Approves Rs 1,000 Crore Fundraise Through QIP; Check Details”
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13 Oct 2026
New Delhi [India], October 13: Elitecon International Limited has announced that its Board of Directors has approved a proposal to raise up to ₹1,000 crore through Qualified Institutions Placements (QIP), according to an exchange filing dated October 12, 2026.
The decision was taken at the company’s board meeting held on Monday, October 12, as part of its proposed capital-raising plans.
As per the regulatory filing, the company may issue equity shares or other eligible securities, including instruments convertible into or exchangeable for equity shares. The fundraising may be conducted in one or more tranches, subject to applicable regulations.
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