[ad_1] India’s largest insurance company, Life Insurance Corporation of India Ltd. has contributed to one-fourth (25%) of the total funds raised by four state-run lenders, Indian Overseas Bank (IOB), Central Bank of India, UCO Bank and Punjab Sind Bank through the Qualified Institutional Placement (QIP) process. The four lenders raised a total sum of ₹6,155 […]
Azad Engineering to raise ₹700 crore via QIP, sets issue price at ₹1,280 per share: Sources – CNBC TV18
[ad_1] Azad Engineering has launched a qualified institutional placement (QIP) to raise around ₹700 crore, people in the know told CNBC-TV18. The issue price is ₹1,280 per share, which is a discount of 1.8% to SEBI’s floor price and 5.6% to its last closing price, the sources added. With this, the company is looking at […]
Zaggle Prepaid announces QIP worth ₹450 crore with upsize option of ₹750 crore – CNBC TV18
[ad_1] Confirming CNBC-TV18’s exclusive newsbreak last week, fintech firm Zaggle Prepaid has announced a Qualified Institutional Placement (QIP) with an issue size of ₹450 crore and an upsize option of up to ₹750 crore. Company Value Change %Change The indicative price for the QIP is set at ₹523.2 per share, reflecting a 6.75% discount to […]
Hindustan Construction launches QIP issue, sets floor price at ₹45.27/share – CNBC TV18
[ad_1] Hindustan Construction Company (HCC) announced the opening of its qualified institutional placement (QIP) issue on Monday, December 16, with a floor price of ₹45.27 per share. The decision was approved by the company’s board during its meeting on Monday. Company Value Change %Change Sources have told CNBC-TV18 that HCC has set a base issue […]
Kalpataru Projects launches QIP to raise ₹1,000 crore, sources say; Check floor price and other details – CNBC TV18
[ad_1] Kalpataru Projects International Ltd. has launched a qualified institutional placement (QIP) to raise ₹1,000 crore, people in the know told CNBC-TV18. Company Value Change %Change The indicative issue price has been set at ₹1,201 per share, a 6.4% discount to Thursday’s closing price, and a 1.15% discount to the SEBI floor price, sources said. […]
Zomato opens ₹8,500 QIP offering, sets floor price at ₹265.91 per share – CNBC TV18
[ad_1] Food delivery aggregator Zomato Ltd opened its ₹8,500 Qualified Institutions Placement (QIP) offering on Monday , with a floor price set at ₹265.91 per equity share. The company had announced on November 23, 2024 that its shareholders have approved a proposal to raise capital through a Qualified Institutions Placement (QIP). Last month, its board […]
Zomato targets December launch for $1 billion QIP, ropes in Morgan Stanley – CNBC TV18
[ad_1] Food delivery and quick commerce leader Zomato Ltd has picked investment bank Morgan Stanley and begun working on its proposed qualified institutional placement (QIP) offering of up to ₹8,500 crore (approximately $1 billion), people aware of the matter told Moneycontrol. Zomato is looking at launching the QIP in December, depending on market conditions, they […]
360 One Wam launches ₹2,250 crore QIP, announces pricing, equity dilution – CNBC TV18
[ad_1] 360 One Wam Ltd., on Thursday, initiated a Qualified Institutional Placement (QIP) to raise ₹2,250 crore, sources familiar with the matter revealed to CNBC-TV18. The issue price for the QIP is set at ₹1,013 per share, marking a 2.2% discount to the company’s last closing price and a 4.9% discount to the SEBI floor […]
Adani Enterprises launches QIP, sets floor price at ₹3117.48 per share – CNBC TV18
[ad_1] Adani Enterprises Ltd, the flagship company of Adani conglomerate, on Wednesday (October 9) announced the launch of its qualified institutional placement (QIP) following board and shareholder approval. The QIP Committee, in a meeting held on October 9, 2024, authorised the opening of the issuance process, setting a floor price of ₹3,117.48 per share. The […]
Punjab National Bank announces QIP at ₹109.16 apiece floor price: Check details – CNBC TV18
[ad_1] Punjab National Bank (PNB) has announced a qualified institutions placement (QIP) of its equity shares, aimed at raising capital as part of its growth strategy. The floor price for the equity shares has been set at ₹109.16, the country’s second-largest PSU bank said in a statement on Monday. PNB said it may offer a […]