[ad_1] Shares of state-run Punjab & Sind Bank are down as much as 20% on Tuesday, April 1, along with fellow lender UCO Bank, whose shares have also declined nearly 7%. The lender on Friday announced that it has raised ₹1,219 crore by selling shares to eligible institutions as part of its Qualified Institutional Placement […]
PSU Bank QIPs: 25% of the funds raised come via LIC – CNBC TV18
[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 […]
UCO Bank raises ₹2,000 crore by selling shares mainly to LIC, SBI funds – CNBC TV18
[ad_1] State-run UCO Bank Ltd. informed the exchanges about the closure of its Qualified Institutional Placement (QIP) on Thursday, March 27. It has raised ₹2,000 crore through this exercise, as planned earlier. The lender has approved the allotment of 58.36 crore shares to eligible institutional buyers. The issue was launched on March 24. Issue price […]
Stocks to Watch on March 28: Jio Financial Services, Force Motors, HAL, JSPL and more – CNBC TV18
[ad_1] (Photo Credit : CNBC-TV18) 1 / 15 Jio Financial Services | The company said it has invested ₹1,000.24 crore in its wholly-owned subsidiary, Jio Finance Limited (JFL), through a subscription of 1,73,77,412 equity shares at ₹10 each. The capital infusion will support JFL’s business operations. Also, Jio Financial Services has invested ₹85 crore in […]
UCO Bank closes QIP issue today, price set at ₹34.27 per share – CNBC TV18
[ad_1] State-owned UCO Bank Ltd on Thursday (March 27) said it has successfully closed its Qualified Institutions Placement (QIP), with the issue price set at ₹34.27 per share, including a premium of ₹24.27 over the face value of ₹10. The final price reflects a 4.99% discount to the floor price of ₹36.07. The Capital Raising […]
Government may go slow on minority stake sales in PSUs due to market volatility: Exclusive – CNBC TV18
[ad_1] The government is likely to adopt a cautious approach towards minority stake sales in central public sector enterprises (CPSEs) in the coming months due to ongoing market volatility, officials privy to the matter told CNBC-TV18. While disinvestment remains on the agenda, the Centre may defer planned offers for sale (OFS) by one to two […]
UCO Bank QIP opens with floor price set at Rs 36.07 per share – CNBC TV18
[ad_1] UCO Bank has announced the commencement of its qualified institutional placement (QIP), setting the floor price at ₹36.07 per share, as disclosed to exchanges on Monday, March 24. This confirms a CNBC-TV18 newsbreak from Friday, March 21. The development is pursuant to a resolution passed on June 18, which allows the bank the flexibility […]
Trade Setup for March 24: Nifty recovery a sustained one or a bull trap going into expiry week? – CNBC TV18
[ad_1] For the first time in 2025, the Nifty bulls were on the front foot all through the week. No selling pressure at higher levels, dips getting bought into, stocks seeing sustained upmoves crossing key levels and even the indices, it was the perfect recipe for a sigh of relief after what has been a […]
UCO Bank launches QIP to raise ₹2,000 crore; check floor price and other detail – CNBC TV18
[ad_1] State-owned UCO Bank Ltd on Friday (March 21) set the price for its ₹2,000-crore qualified institutional placement (QIP) at ₹34.27 per share, reflecting a 9.19% discount to its March 21 closing price of ₹37.74 on the NSE, sources privy to the developments told CNBC-TV18. The issue price is based on a 5% discount to […]
UCO Bank defers foreign roadshows for proposed ₹2,000 crore QIP: Exclusive – CNBC TV18
[ad_1] State-run UCO Bank Ltd.’s proposed ₹2,000 crore Qualified Institutional Placement (QIP) is unlikely to take place in the current financial year, people in the know told CNBC-TV18 on Thursday, February 27. The state-run lender has deferred the foreign roadshows that were originally scheduled for February 24 and 25, sources said. UCO Bank had planned […]