Borosil Renewables (BRL) announced the successful completion of fund raising of Rs. 200 crore through a Qualified Institutions Placement (Issue). The Securities Issue Committee of BRL approved opening of the Issue on 14 December 2020 and approved the closing of the Issue on 17 December 2020. BRL allotted 1,58,04,030 shares of face value of Re. 1 each at Rs. 126.55 per share. Post the QIP issue, the holding of promoter and promoter group will be 61.92%. Powered by Capital Market - Live News (This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.) Dear Reader, Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.