Manorama Industries Limited (MANORAMA) — Board Meeting

· NSE 🟡 Notable Neutral
📢 Key Event
Board approved closure of qualified institutional placement of 3,40,136 shares at ₹1,470 per share.
🔄 What Changed
Allocation of 3,40,136 shares at a 77.18% discount to floor price.
💡 Investor Takeaway
The capital raise offers funds but dilutes existing shareholders through a steep discount.

Manorama Industries Limited announced the closure of its qualified institutional placement of 3,40,136 equity shares at ₹1,470 per share, representing a 77.18% discount to the floor price of ₹1,547.18, following board approval on July 2, 2026, after receiving funds from eligible QIBs on June 29, 2026.

📄 View Original Announcement (PDF)

About Manorama Industries Limited (MANORAMA)

Fast Moving Consumer Goods · Food Products · Listed on NSE

Market Cap: ₹7,795.55 Cr P/E: 34.7

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Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.

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