Annant Raj opens Qip and fixes the floor price at 695.83 ₹ per share

The property developer Annant Raj LTD said on Tuesday that the finance and investment committee of its board of directors had approved the opening of a qualified institutional placement (QIP) of participation actions with a floor price of 695.83 ₹ per share.

The floor price has been determined in accordance with the 2018 rules of Securities and Exchange Board of India (capital question and disclosure requirements), the company said in a file filed with scholarships.

The company can offer a discount of up to 5 % on the floor price, to the extent allowed by the regulation. The issue prize will be finalized in consultation with the leaders of the books of books designated for the offer.

Annant Raj said that the relevant date for the problem is October 7, 2025.

Annant Raj LTD., a property developer with more than 55 years of experience, is known for its diversified portfolio including residential projects such as Annant Raj Estate Residences, commercial developments such as Annant Raj Global Business Square in Noida and computer parks like the original Encan Raj Tech Park in Manesar. The company has also developed government projects and historic shopping centers and is now significantly developing in data centers with its service Annant Raj Cloud.

Annant Raj’s shares ended up 4.4 % to 736.30 ₹ at ESB.