<h1>Indian VFX studio raises 59.99 crore through QIP at 256 per share with 4.78% discount</h1> A major Indian VFX studio successfully raised 59.99 crore through a Qualified Institutions Placement, issuing equity shares at 256 per share with a 4.78% discount to floor price. The fundraising attracted significant institutional investors, with allocations ranging from 5.84% to 11.66%. The company, which has completed over 500 projects and employs 650+ artists, plans to use proceeds for global expansion, talent acquisition, and infrastructure development. The studio recently acquired an Oscar-winning American VFX company and reported 104.37 crore total income with 20.20 crore net profit in FY25.