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BIGGEST QIP IN INDIA
SBI leads $9.2 billion wave of Indian fast-tracked share salesIndian companies are leveraging the stock market rally to raise funds through qualified institutional placements (QIPs). Led by State Bank ...
SBI raises Rs 25,000 crore through QIP at Rs 817 a shareState Bank of India (SBI) successfully raised ₹25,000 crore through a qualified institutional placement (QIP), issuing 305.9 million shares...
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...
Your ‘SIP sahi hai’ mantra translates to ‘QIP sahi hai’ for India Inc promotersIndian companies have raised a record Rs 97,000 crore this year through qualified institutional placements (QIPs), capitalizing on strong d...
Angel One raises Rs 1,500 crore via QIP; Motilal Oswal MF, Franklin Templeton among investorsThe QIP received an overwhelming response from both domestic and foreign institutional investors, the brokerage firm said. Angel One allott...
Bank of Maharashtra raises Rs 1,000 crore via QIPThe price was at a 4.94% discount to the floor price of Rs 29.94 per share. The QIP, which opened on June 1, was fully subscribed and recei...
Ramkrishna Forgings plans to raise up to Rs 500 cr via QIPLeading forging component maker Ramkrishna Forgings is planning to raise Rs 400-500 crore through qualified institutional placement (QIP) t...
LIC picks up nearly 4% stake in Bank of India through open market transactionThe bank said that LIC's stake in Bank of India has now increased to 7.05 per cent, equivalent to 28,92,87,324 shares.
Buy PSU Bank ETFs for short-term gains of 10-15%: AnalystsThe rally in PSU banks is set to continue and investors can either buy PSU bank ETFs such as Nippon India ETF PSU Bank BeES or Kotak PSU Ba...
Rs 82,575 crore: FPI inflows in 2019 highest in Modi EraAt Rs 82,575 crore so far in 2019, foreign funds have sent in the maximum amount of money since the Modi era began in May 2014. FPIs infuse...
Recent QIPs fail to cheer D-Street as most slip below issue priceSeveral of the under-performing companies include the public sector banks.
InterGlobe Aviation's founder shareholders announce OFSThe shares will be sold at a floor price of Rs 1,130 each.
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.
Capital-starved PSBs line up QIPsChennai-based Indian Bank is leading the race to launch the QIP and has hired four investment banks.
SBI QIP is the third largest ever in Asia Pacific: Debasish Purohit, BofA MLSome of the larger banks will benefit out of SBI’s run but not sure about medium and smaller banks.
IIFL quotes Rs 1 in hopes to manage SBI’s Rs 10,000-crore QIPInvestment bankers charge between 0.5%-1% of the size of QIP as fee for private firms. 17 investment bankers have applied to manage the iss...
QIP investors sit on big losses for now as dreams die firstFollowing Modi-led NDA’s thumping victory in the general elections last year, the Indian capital markets witnessed a spurt in QIP activity
Reliance Communications raises Rs 4,800 crore via share sale: SourcesReliance Communications Ltd has raised Rs 4,800 crore in its share sale that was announced on Tuesday, as the telecom company looks to redu...
Plan to ensure state-run bank QIPs don't clash with government's disinvestment programmeFinMin is putting in place modalities to ensure, among other things, that process of fundraising by state-run banks does not interfere with...
- BoI plans MF, insurance foray; eyes foreign bank
Bank of India (BoI) will use the proceeds raised from its recently-concluded Rs 1,360-crore qualified institutional placement (QIP) to inve...