Back
Corporate News
SPR Auto Technologies seeks approval for Rs 10,000 crore equity share QIP
17-Aug-2026, 09:11
SPR Auto Technologies Limited, formerly Shriram Pistons & Rings Limited, announced it has received approval to launch a qualified institutions placement (QIP) of equity shares with a potential aggregate amount of Rs 10,000 crore, according to a filing on August 17, 2026. The floor price for the QIP has been set at Rs 4,438.20 per share, and the company may offer a discount of up to 5% on that price, with the issue price to be determined in consultation with lead managers. Trading in the company's securities has been suspended for designated persons and their relatives until 48 hours after the issue price is determined.
SPR Auto Technologies Limited, formerly Shriram Pistons & Rings Limited, announced it has received approval to launch a qualified institutions placement (QIP) of equity shares with a potential aggregate amount of Rs 10,000 crore, according to a filing on August 17, 2026. The floor price for the QIP has been set at Rs 4,438.20 per share, and the company may offer a discount of up to 5% on that price, with the issue price to be determined in consultation with lead managers. Trading in the company's securities has been suspended for designated persons and their relatives until 48 hours after the issue price is determined.