Stay updated with breaking news from Ashok advani. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
"As for the QIP, given the accelerated growth that we are seeing in the market, we will need additional money, because from Rs 8,000 to 10,000 to 12,000 to 15,000 crore we have a clear visibility in terms of revenue. You can raise debt to fund some part of it, but you definitely need equity capital for funding the growth. It was a well thought out decision and the timing was also right." ....
"The issue was subscribed well. We have quite a few existing foreign shareholders building further — HSBC Global and the domestic funds like SBI or Kotak, HDFC, Birla. We also have new foreign institutional investors like Fidelity, ADIA and so on. So, basically the fund is being raised to support the growth plans that Blue Star has." ....
In an extraordinary gesture, Ashok M Advani, Chairman Emeritus & Promoter, Blue Star Ltd has announced a personal grant of Rs 100 crores staggered over a period of 5 years to boost research & development activities of the Company. ....