Pearl Global Raises Funds Worth Rs 149.50 Crores Through Qualified Institutions Placement

*Mr. Pallab Banerjee, Managing Director, PGIL*

Pearl Global Industries Limited (PGIL), primarily engaged in designing, manufacturing, sourcing, distributing and exporting ready-made garments for men, women and children through its domestic and global manufacturing facilities and supply chains, announces the successful completion of its QIP by raising ~Rs. 149.50 crores. The Qualified Institutions Placement (QIP) attracted notable investors including HDFC Mutual Fund, Bandhan Mutual Fund, HSBC Mutual Fund, ICICI Prudential Mutual Fund, Goldman Sachs Fund, Tata Mutual Fund and Franklin India Mutual Fund.

Announcement of Completion of Release, Mr. Pulkit Seth, Vice Chairman and Non-Executive Director, said“We are pleased to report that our Qualified Institutions Placement (QIP) has been successfully implemented. This achievement underscores our shared commitment to improving our operations and services. As we move forward, we are vigilant in monitoring our progress and maintaining our momentum with a sharp focus on sustainability in all of our current and future projects. Together, we will uphold our commitment to excellence, ESG principles and achieving exceptional results.”Bottom of form