Asahi India Glass closes ₹1,000 crore QIP

Asahi India Glass Limited announced the closure of its Qualified Institutions Placement (QIP), which opened on September 15, 2025, and closed on September 18, 2025. The company approved the issuance and allotment of 11,837,261 equity shares of face value ₹1 each to 24 eligible qualified institutional buyers at an issue price of ₹844.79 per equity share, including a premium of ₹843.79, totaling approximately ₹1,000 crore.

This QIP has increased the company's paid-up equity share capital from ₹24,30,89,931 to ₹25,49,27,192. Theleme India Master Fund Limited and Nippon Life India Trustee Ltd each acquired significant stakes, being allotted 2,485,824 shares, representing 21.00% of the total issue size.

SBI Mutual Fund received 2,485,824 shares (21.00%), distributed among its various schemes including SBI Magnum Children's Benefit Fund and SBI Automotive Opportunities Fund. Motilal Oswal Mutual Fund and Aditya Birla Sun Life Mutual Fund also participated, securing 1,242,913 shares (10.50%) each, with allocations across their respective funds.