Credent Global Finance Ltd has launched its Qualified Institutional Placement (QIP) issue, setting the floor price at ₹29.37 per share. This strategic move aims to strengthen capital reserves, enhance growth opportunities, and attract institutional investors, positioning the company for sustainable expansion in India’s evolving financial services sector.
Credent Global Finance Ltd has officially opened its Qualified Institutional Placement (QIP) issue, a key fundraising initiative designed to bolster its capital base and fuel future growth. By setting the floor price at ₹29.37 per share, the company signals confidence in its long-term strategy and commitment to shareholder value creation.
Key Highlights
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QIP Launch: Floor price fixed at ₹29.37 per share for institutional investors.
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Capital Strengthening: Funds raised will support expansion, lending capacity, and operational resilience.
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Investor Confidence: The move is expected to attract strong participation from qualified institutional buyers.
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Strategic Growth: Proceeds will be directed toward scaling financial services, enhancing technology adoption, and diversifying product offerings.
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Market Impact: The issue reinforces Credent Global Finance’s ambition to position itself as a competitive player in India’s NBFC sector.
This QIP issue underscores the company’s focus on sustainable growth, investor trust, and financial innovation, aligning with India’s broader push for capital market development.
Sources: The Economic Times, Ministry of Corporate Affairs, Press Information Bureau (PIB)