New Delhi, Feb 20 (PTI) Swan Energy on Tuesday announced opening of its Rs 4,000 crore fund raise through a qualified institutional payment (QIP), with a starting price fixed at Rs 703.29 per share.

In a stock exchange filing, Swan said pricing of the issue would be decided on February 26.

Also Read | NHAI Removes Paytm Payments Bank From List of Authorised Banks for FASTag Services; Know How to Deactivate and Open New FASTag Account.

Swan Energy, in December 2023, acquired Reliance Naval and Engineering through Hazel Mercantile, a special purpose vehicle.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)