Sammaan Capital said in a communication sent to the stock exchange today that the company's qualified institutional placement has been launched. The company was formerly known as Indiabulls Housing Finance. According to the company, the floor price of the QIP has been approved by the company's committee. The stock of the housing finance company closed at 162.4 with a gain of about one percent in Wednesday's trading. The company has fixed the floor price with a discount of about 7 percent from the current level.

What information has the company given?
 

In the information sent to the stock market, the company said that after the approval in the board meeting held on December 11 and the approval of the shareholders on January 3, 2025, the investment committee of the company has approved the start of the proposed issue from today in the meeting held on January 22, 2025. Along with this, the company has also approved the floor price of 151.09, which is at a discount of about 7 percent as compared to today's closing price. The company said that a discount can be offered on the floor price, which will not be more than 5 percent. That is, the issue can be offered near the level of 144. How is the performance of the stock? The stock is currently at the level of 162. A year ago, the stock was trading close to these levels. The highest level of the stock for the year is 209. At the same time, the stock has recorded a low of 130.3 on November 18 last year.