Bank of India received an overwhelming response for its qualified institutional placement of shares, which was subscribed 4.11 times. The QIP included a base size of Rs 2,250 crore, with a greenshoe option of another Rs 2,250 crore in case of an oversubscription. The lender received a total 104 bids aggregating up to Rs 18,483 … Read more
Bank of India Ltd, part of the PSU banking space, has rallied more than 20% in a month and the chart structure suggests that the rally may not be over yet. Medium to long-term investors can look to buy the stock now as it could well double from current levels in the next 1-2 years, … Read more
Indian market closed in the red for the third consecutive day on Tuesday. S&P BSE Sensex fell more than 200 points, while Nifty50 closed below 18,700 levels. Sectorally, buying was seen in utilities, power, FMCG, and capital goods stocks while selling was visible in metal, IT, telecom, and realty. Stocks that were in focus include … Read more
New Delhi: State-owned on Wednesday approved the launch of QIP, aimed at raising Rs 3,000 crore equity capital to fund business growth and meet regulatory compliance. The capital issue committee of the bank at its meeting approved and adopted the preliminary placement document cum application form for the issue and authorised the opening of the … Read more
New Delhi: is planning to raise Rs 3,000 crore equity capital through a qualified institutional placement (QIP) offer to fuel business growth and meet regulatory compliance, sources said. “The bank is in the process of raising Rs 3,000 crore through QIP and seven book running lead managers have been appointed for the proposed issue,” sources … Read more