During the first-half of FY24, 20 companies have together raised ₹18,500 crore through QIPs, while another dozen have already announced plans to raise up to ₹25,000 crore through this route.
The brokerage said it cut its FY25 Profit after Tax (PAT) estimates by 22% due to this ₹6.74 billion reversal. It also slashed the FY26
The borrowing is against the group’s 9.2% stake in Tata Sons held via Sterling Investment, all shares in its real estate company, Shapoorji Pallonji Real
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