Control Print announces qualified institutional placement (QIP) with a floor price of Rs 455 per share. In an interview to CNBC-TV18, Rahul Khettry, CFO of Control Print spoke about the latest happenings in the company and gave his outlook for the future.
Khettry said that we have approved the QIP for Rs 30 crore and allocation process is expected to be completed by January 8.
He further said that the promoter holding post QIP will be 53.5 percent.
Talking about business, he said we are seeing strong growth in sales volume.
Ten percent of total revenue comes from the cement sector, he added.
Watch accompanying video for more details.
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