Zen Technologies reaches all time high on launching QIP worth Rs 800 cr

Shares of Zen Technologies soared up to 4.6 per cent, reaching its all time high at Rs 1,865 per share on the BSE in Thursday’s intraday deals.

This came after the company on Wednesday launched its Qualified Institutions Placement (QIP) on August 21, with a floor price of Rs 1,685.18 per share.

The QIP issue size is expected to be around Rs 800 crore, with the potential to increase to Rs 1,000 crore.