Diamond Power Infrastructure's Management Committee approved the preliminary document and authorized the opening of its Qualified Institutions Placement (QIP) for equity shares.

The floor price for the issue has been set at ₹ 238.92 per equity share.

The company may offer a discount of up to 5% on this floor price, with the final issue price determined with lead managers.

This QIP aims to raise capital, impacting the company's financial structure and future growth.

The trading window for company securities remains closed until after the declaration of the Q1 financial results.