Asahi India Glass announces ₹1,00,000 lakh equity placement

Asahi India Glass Limited (AIS) has initiated a qualified institutions placement (QIP) of equity shares, each with a face value of ₹1 and an issue price of ₹844.79, including a premium of ₹843.79 per share. The issue aims to raise approximately ₹1,00,000 lakhs, with net proceeds estimated at ₹75,000 lakhs after expenses. A minimum of 10% of the issue size (11,83,726 equity shares) is reserved for mutual funds, with the balance available to other eligible QIBs.

The proceeds will primarily be used for the prepayment or repayment of outstanding borrowings, totaling ₹75,000 lakhs, with the remainder allocated for general corporate purposes (not exceeding 25% of issue proceeds). The equity shares, totaling 1,18,37,261 units, will rank pari passu with existing shares.

The QIP was approved by the board on January 29, 2025, and by shareholders on March 15, 2025. The issue closing date is September 18, 2025. The company's shares are listed on BSE (515030) and NSE (ASAHIINDIA), with in-principle approvals for listing received on September 15, 2025.