qualified institutional placement

Torrent Power’s QIP opens today. Co sets floor price at Rs 1,555.75

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Torrent Power’s QIP opens today. Co sets floor price at Rs 1,555.75

Torrent Power on Monday announced opening of its qualified institutional placement (QIP) issue and the company has set the floor price at Rs 1555.75 per equity share. The issue price will be determined by the company in consultation with the book running lead managers (BRLMs) at a later date. The company with its discretion offers … Read more

ICICI Bank Q2 preview: Multifold jump in profit likely; NIM may fall marginally

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ICICI Bank Q2 preview: Multifold jump in profit likely; NIM may fall marginally

NEW DELHI: ICICI Bank is expected to report a multi-fold rise in net profit for the September quarter, even as net interest income (NII) for the private lender may see a marginal dip on year-on-year basis. Updates on incremental Covid-related provisions, collection efficiency, BB and below-rated book and restructuring would be keenly followed, analysts said. … Read more