Asahi India Glass raises ₹1,000 crore in QIP

Asahi India Glass Limited announced the completion of its Qualified Institutional Placement (QIP) on September 19, 2025, raising ₹1,000 crore. The company allotted 11,837,261 equity shares of face value ₹1 each to eligible Qualified Institutional Buyers at an issue price of ₹844.79 per share, including a premium of ₹843.79 per share. This allotment was approved by the company's LTP Committee on the same day.

The QIP issue, which opened on September 15, 2025, and closed on September 18, 2025, has resulted in an increase in the company’s paid-up equity share capital from ₹24,30,89,931 to ₹25,49,27,192. Allottees receiving more than 5% of the equity shares offered include Theleme India Master Fund Limited and Nippon Life India Trustee Ltd, each receiving 24,85,824 shares, representing 21.00% of the total issue size.

Other major allottees include SBI Mutual Fund and Aditya Birla Sun Life Mutual Fund, each allocated 12,42,913 shares, accounting for 10.50% of the issue. Motilal Oswal Mutual Fund also received 12,42,913 shares, representing 10.50% of the total issue. The new equity shares will rank pari-passu with the existing shares of the company.