Batliboi to issue shares worth Rs 100 cr to QIB's

New Delhi, Jan 4 (UNI) Mumbai-based, Batliboi Ltd today said it will issue shares through a Qualified Institutions Placement (QIP) route to institutional buyers (QIB) amounting to Rs 100 crores.

The pricing of the Equity Shares proposed to be issued will be determined through the QIP Guidelines, said a statement.

The companies activities comprise of textile air engineering, textile machinery, machine tools and air conditioning. Batliboi's manufacturing facilities are located at Surat and Bangalore UNI AK PBB DS1402