Aditya Infotech's board has approved a proposal to raise up to ₹1,500 crore through a Qualified Institutional Placement (QIP), subject to shareholder and regulatory approvals.

Aditya Infotech is an Indian security and surveillance solutions company and the parent of the CP Plus brand, one of the country's leading video surveillance brands, which sells its cameras and allied products through a wide network of distributors, channel partners and system integrators.

A QIP is a fund-raising route available to listed Indian companies, allowing them to issue shares or securities convertible into equity to Qualified Institutional Buyers — such as mutual funds, insurance companies and foreign portfolio investors — without a public offering, which typically makes it a faster way to raise capital than a follow-on public issue. The proposed ₹1,500 crore raise will now hinge on shareholder approval and regulatory clearances, with the final issue size, pricing and intended use of proceeds to be set out in subsequent disclosures by the company.