State owned Union Bank of India has raised Rs 3000 crore through a qualified institutional placement (QIP) allowing the bank to deepen its capital and also reduce its government holding below the regulatory ceiling of 75%, multiple people aware of the details said. Demand was ten times the amount required as large local and overseas … Read more
Umesh Chowdhary, VC & MD, Titagarh Rail Systems, says “following the Rs 700-crore QIP, as far as the current plans are concerned, whether it is the Vande Bharat, whether it is the ongoing projects that we have, we believe that for both the capex and the working capital, apart from the debt that will need … Read more
New Delhi/Mumbai: Tata Group backed Indian Hotels Company (IHCL) is set to launch a qualified institutional placement of Rs 2000 crore as the hotel chain braces for business expansion shrugging off the effects of the Covid-19 pandemic. Credit Suisse and ICICI Securities are helping the company raise money, said people familiar with the matter. IHCL … Read more
Kolkata: The Equitas Small Finance Bank will be looking to raise up to Rs 1000 crore in qualified institutions placement (QIP), the company announced Monday. The board of the bank approved the plan on Monday. This will help the lender meet the 25 per cent minimum public shareholding criterion stipulated by the market regulator Securities … 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
Mumbai: IndiGo Monday announced its board has approved the raising funds up to Rs 3,000 crore via a qualified institutional placement of shares. The airline last Tuesday said it would consider such a proposal. IndiGo’s decision comes as the aviation industry continues to be a hit by a catastrophic second wave of Covid19 infections. The … Read more
The stock has lost 10% in three trading sessions since its quarterly result on Monday morning. Synopsis The company reported a 10% year-on-year increase in sales value at Rs 2,610 for the quarter aided by the new launches which contributed one third. ET Intelligence Group: Mumbai headquartered Godrej Properties reported a double digit growth in … Read more
Kolkata: is yet to detail the timelines on a proposed Rs 1,800-crore equity raising plan even two months after its promoter Punjab National Bank declined to infuse capital into it. “I would not be able to comment on the large shareholders, or any of the entities who would like to come about in terms of … Read more