ZEN Technologies launches QIP at floor price of Rs 1,685.18/share

Zen Technologies launched its Qualified Institutional Placement today, with a floor price of Rs 1,685.18 per share. This is a 6% discount on the closing price of Rs 1,782.95. The reported issue size stands at Rs 800 crore. The company's board had earlier approved a fund-raising plan of up to Rs 1,000 crore.