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As on : 26-Sep-2026
Corporate News
26-Sep-2026     10:29

Wheels India Limited’s Qualified Institutions Placement allotment raised Rs 249.99 crore from investors

Wheels India Limited announced the allotment of 11,97,318 equity shares with a face value of Rs 10 each to eligible qualified institutional buyers at an issue price of Rs 2088.00 per share, including a premium of Rs 2078.00, following a Qualified Institutions Placement that opened and closed on September 24, 2026 and September 25, 2026, respectively; the allotment included a discount of Rs 109.10 per share, totaling Rs 249.99 crore, increasing the company's paid-up equity share capital from Rs 256650430 to Rs 268623610. Aditya Birla Sun Life Mutual Fund, Magnum Equity Ex - Top 100 Long Short Fund, and SBI Balanced Hybrid Fund were among the allottees who received more than 5% of the equity shares offered in the issue.

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