QIP ISSUE

 QIP=Qualified Institutional Placement

This is first of all a trend in the current capital markets.

Well to begin with QIP is primarily to convert the promoters share into public holding for the fair placement price i.e the price equivalent on the date of Opening of QIP.

Now QIP is the probably the quickest way to raise capital with the least compliances.

Now, QIP generally is not welcomed if the stock has even a remote possibility of a near term downfall.

QIP since can be subscribed only by very few Investors, MFs or AMCs thats why its impact on the open market is minimal.

Hence QIP and its benefit are dependent on case to case basis.

Till then.

Have PHUN.

Radhe Radhe.

Dear Mr. Rajendra

I think this attachment will help you on QIP issue.

Best Regard