Blue Jet Healthcare shares soar 8% after Rs 800 crore fundraise
Mumbai/IBNS: Shares of Blue Jet Healthcare Ltd. surged on Friday after the pharmaceutical company raised Rs 800 crore through a Qualified Institutional Placement (QIP), according to media reports.
The stock gained as much as 8 percent, and was trading over 5 percent higher at the opening bell.
The rally followed the company's announcement that its board had approved the allotment of equity shares under the QIP, which remained open from July 6 to July 9, 2026.
According to the company's filing, the board, at its meeting held on July 9, approved the issue and allotment of 15,810,276 equity shares at an issue price of Rs 506 per share.
The issue was priced at a discount of Rs 25.70 to the floor price.
The company said the issue price included a premium as per the terms of the QIP.
The successful fundraise is expected to strengthen Blue Jet Healthcare's capital base and support its future growth plans.
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