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Tag Archives: QIP

Federal Bank launches QIP to raise Rs 2000 crore

Federal Bank has launched a qualified institutional placement (QIP) to raise Rs 2000 crore, with an option to increase the amount by Rs 500 crore. The bank’s credit committee, and investment & raising capital committee has authorised the opening of the QIP of shares on June 21, 2017. The floor ... Read More »

Dena Bank plans to raise Rs 1,800 crore via QIP

Dena Bank is planning to mop up Rs 1,800 crore via qualified institutional placement (QIP) of shares. The bank will place the proposal to ‘create, offer and allot equity shares up to Rs 1,800 crore at such an issue price to be determined by the Issue Committee of the Board ... Read More »

Cadila Healthcare plans to raise Rs 1000 crore via QIP: Report

Cadila Healthcare is reportedly planning to raise around Rs 1000 crore through a qualified institutional placement (QIP) of shares. The QIP, a capital-raising tool, is likely to open in the next two-three months. Cadila Healthcare is part of the Zydus Cadila Group. The company operates in areas of active pharmaceutical ... Read More »

Vijaya Bank plans to raise Rs 1,000 crore to fund business

The Bank’s board of directors will put up the matter before shareholders at the annual general meeting on June 23 Vijaya Bank will raise up to Rs 1,000 crore equity capital on preferential/QIP basis within a year to create buffer as per global capital adequacy norms, Basel III and to ... Read More »

Bank of Maharashtra plans to raise up to Rs 2000 crore

Bank of Maharashtra, a public sector player is considering raising up to Rs 2,000 crore through various routes. The required capital is proposed to be raised from market by way of FPO/rights issue/QIP/preferential issue including capital support from central government. The proposal will be taken up at the annual general ... Read More »

Kotak Mahindra Bank to raise Rs 5662 crore via QIP

Kotak Mahindra Bank is looking to raise around Rs 5662 crore through sale of 6.20 crore shares through qualified institutional placement (QIP). This share sale is part of stake reduction exercise by its promoter Uday Kotak, the vice-chairman of the bank, as per the RBI advice. The company’s board of ... Read More »

Brigade Enterprises raises Rs 500 crore through QIP

Brigade Enterprises has successfully raised Rs 500 crore via private placement of shares to institutional investors. The company has allotted 2,19,78,021 equity shares to qualified institutional buyers at Rs 227.50 apiece. The qualified institutional placement (QIP) issue opened on April 25 and closed on April 28. As many as 40 ... Read More »

DCB Bank raises Rs 378.80 crore through QIP

Private lender DCB Bank has raised Rs 378.80 crore through an issue of shares to qualified institutional investors on private placement basis. The bank offered 21,770,000 equity shares to qualified institutions buyers under the qualified institutional placement (QIP) at an issue price of Rs 174 per share. The infusion of ... Read More »

Hatsun Agro Products to raise Rs 500 crore via QIP

Hatsun Agro Products has received its board’s approval to raise as much as Rs 500 crore through a qualified institutional placement (QIP), in one or more tranches. Further, the board has decided to seek the approval of Shareholders through Postal Ballot for the above purpose. Hatsun Agro, India’s largest private ... Read More »

RInfra set to hold roadshows for its Rs 2,000 crore QIP

Reliance Infrastructure (RInfra) is all set to hold roadshows for its Rs 2,000 crore Qualified Institutions Placement (QIP) issue by May. The company’s board has already given approval for the QIP. Shareholder consent is being sought through a postal ballot. Simultaneously, paperwork is also progressing well with the bankers. The ... Read More »