Pearl Global Industries raises Rs 149.5 cr through QIP issue

Pearl Global Industries raised Rs 149.50 crore via QIP from investors like HDFC, HSBC, ICICI Prudential, and Goldman Sachs Fund. They issued 20,45,143 shares at Rs 731.00 each, totaling 45,642,367 shares. Funds will support debt repayment, working capital, sustainable products, ESG initiatives, and growth. PGIL operates facilities in India and four other countries.