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LIC INVESTMENT IN QIP
LIC ups stake in SBI to 9.49% via QIP route, buys over 6.1 crore shares worth Rs 5,000 croreLIC increased its stake in SBI from 9.21% to 9.49% through participation in SBI’s record Rs 25,000 crore QIP. The offering saw overwhelming...
Brookfield India REIT raises Rs 3,500 cr through QIP; IFC, LIC among key investorsThe issue marks the first Real Estate Investment Trust (REIT) investments in India from the World Bank member International Finance Corpora...
LIC keen to retain some stake in IDBI Bank for bancassurance gains: ChairmanAlong with the government, Life Insurance Corporation (LIC) will also divest its stake in IDBI Bank, but may not exit completely, LIC Chair...
Marshall Wace, Morgan Stanley, ICICI Pru, others invest in BoB's Rs 4,500-cr QIPAmong the other backers of the QIP are Hong Kong-based asset manager Sigantii, Prudential Plc's Eastspring Investments, San Francisco-based...
Uco Bank explores every option for capital raisingThe bank has got its board's approval to raise Rs 3000 crore after the Reserve Bank of India suggested every lender to create a capital buf...
LIC will hold on to its stake in PNBLIC has upped its investment in equities. It has invested Rs 70,000 crore into equities in the first nine months of the financial year, hig...
PSBs’ fund-raising plans may take a hitAt least 3 PSB's are looking to raise money from institutional investors in the near future.
Capital infusion for state-run banks likely to begin by FebruaryThe government is likely to raise around Rs 70,000 crore by February 2018 as part of the total Rs 1.35 lakh crore to be met through recapit...
LIC may participate in bank recapitalisation programmeLIC in the past has pumped capital in PSBs through preference share allotment and QIP.
Dena Bank to raise up to Rs 400 crore via QIPDena's net NPAs have deteriorated sharply from 3.80% in March 2015 from 11.20% in June 2017.
LIC's contrarian bets help it outperform Sensex, BSE 100LIC's top 100 stocks have given annualised returns of 9 per cent since September 2014.
145% profit on equity bets in Q1! How LIC made its moneyLIC also increased stake in Orissa Minerals from 1.54 per cent to over 15 per cent.
LIC corners 38.67% of SBI's Rs 15,000 crore QIPFollowing the investment, the shareholding of LIC in the SBI has increased to nearly 10.6 per cent from 8.6 per cent.
LIC hits jackpot on the back of rally in state-run companiesThe institution has been the most dependable automated teller machine for govt in the past couple of years, buying record number of bonds &...
Low feat by banking stocks forces banks to delay qualified institutional placement (QIP) plansWeak performance of the banking stocks is forcing public sector lenders to defer their plans to raise money through QIP route to the next f...
Dena Bank defers QIP issue on weak market sentiment"We had planned for the QIP, but market conditions are not very conducive for it at the moment," Dena Bank Chairman and MD Ashwani Kumar sa...
- Axis Bank to raise 6,000cr from QIPs this week
Axis Bank is all set to raise around Rs 6,000 crore through private placement of its equity shares to qualified institutional players (QIPs...
- LICHFL plans Rs 1,200-cr QIP issue by December
LIC Housing Finance is targeting to raise up to Rs 1,200 crore through an institutional placement offer by December, company's top executiv...
- LIC Housing holds its own in downturn
LIC Housing Finance, which outperformed the benchmark Sensex and bigger rival Housing Development Finance Corporation (HDFC) last year, may...
- PTC raises Rs 1,200 cr through QIP
PTC India has raised Rs 1,200 crore through a qualified institutional placement (QIP).