Navin Fluorine plans INR 750 crore qualified institutional placement

Navin Fluorine International Limited has announced plans for a qualified institutions placement (QIP) to raise up to INR 7.5B. The Board of Directors approved the opening of the issue on July 7, 2025, and adopted the preliminary placement document. The floor price for the issue has been set at INR 4,798.28 per equity share. The company may offer a discount of up to 5% on the floor price, subject to regulatory approvals. The proceeds are intended for general corporate purposes. The "Relevant Date" for determining the floor price is July 7, 2025. The company has filed the Preliminary Placement Document with the BSE Limited and National Stock Exchange of India Limited. The trading window has already been closed and will remain so until August 1, 2025.