Himatsingka Seide Limited Successfully Completes Rs. 400 Crore QIP

Himatsingka Seide Limited (HSL) has announced the successful completion of its Rs. 400 crore Qualified Institutional Placement (QIP). The funds raised will primarily be used to repay and reduce the company’s outstanding debt, bolstering HSL’s financial position and supporting its long-term growth strategy.

The QIP saw significant interest from marquee investors and was oversubscribed, reflecting strong investor confidence in the company.

Shrikant Himatsingka, Executive Vice Chairman and Managing Director of Himatsingka Group, commented, “We are pleased with the successful completion of the QIP. This capital infusion aligns with our strategy to strengthen our balance sheet and position us for sustainable growth.”