Page 10 - Qip

Canara Bank raises Rs 2,000 cr via QIP; LIC emerges as largest investor

State-owned Canara Bank on Friday said it has successfully raised Rs 2,000 crore equity capital by issuing over 19 crore shares to eligible investors. LIC emerged as the largest investor in the bank's qualified institutional placement (QIP) issue. The subcommittee of the board at its meeting held today (December 11, 2020), approved allotment of 19,32,36,714 equity shares to eligible qualified institutional buyers (QIBs) at an issue price of Rs 103.50 per equity share, aggregating up to Rs 2,000 crore, Canara Bank said in a regulatory filing. The QIP had opened on December 7 and closed on December 10. Among the allottees - who were allotted more than 5 per cent of the total equity shares offered in the issue - include Life Insurance Corporation (25 per cent), BNP Paribas Arbitrage (9.11 per cent), Nippon Life India Trustee Ltd (8.81 per cent), Societe Generale (7.91 per cent) and Kuber India Fund (6.16 per cent). "Pursuant to the allotment of equity shares in the QIP, the paid-up .

Canara Bank sets issue price for Rs 2,000 cr QIP at Rs 103.50 a share

State-run Canara Bank on Thursday said it has approved the issue price at Rs 103.50 per share for its qualified institutional placement (QIP) to raise Rs 2,000 crore

PNB to hold roadshow for proposed Rs 7,000 crore QIP next week

Punjab National Bank said it will hold a roadshow for the proposed Rs 7,000 crore qualified institutional placement (QIP) issue next week

QIP mechanism: Sebi proposes scrapping segregated offering of NCD, warrants

Under the current framework, an investor can either subscribe to the combined offering of NCD instrument with warrants or to the individual securities.

Inox Leisure raises Rs 250 crore from qualified institutional placement

Leading multiplex chain Inox Leisure raised Rs 250 crore from a qualified institutional placement of shares

Indiabulls Housing Fin stock may stay subdued as growth remains elusive

At over 30 per cent capital adequacy, the lender has raised Rs 2,780 crore of debt and Rs 2,577 crore of equity so far in FY21

PNB to raise Rs 7,000 crore through QIP by December this year

Bank receives fewer proposals for restructuring than expected as companies fear impact on ratings

PNB eyes Rs 7,000 crore from QIP in Dec, credit growth to be less than 5%

Punjab National Bank (PNB) on Tuesday said it is planning to raise Rs 7,000 crore through share sale next month to shore up its capital base for meeting business plan

Axis Bank posts net profit of Rs 1,683 cr in Sept qtr as bad loans decline

The bank's total income rose marginally to Rs 19,870.07 crore in the second quarter of 2020-21, from Rs 19,333.57 crore in the same period last year, it said in a regulatory filing

Hindustan Copper board to consider raising funds by issue of shares via QIP

This will be to the extent of 15 per cent of existing paid up equity capital, the state-owned company said in a filing to BSE

Equity fund raising rises 88% to $32.7 bn in first 9 months of 2020

This is already a record year for amount mobilised through the equity capital markets (ECM), topping $31.2 billion raised during calendar 2007, according to financial data firm Refinitiv

Central Bank of India closes Rs 255-cr QIP; issue price set at Rs 15.38

The capital raising committee of the bank at its meeting held on September 25 passed the resolution and approved the closure of the issue period for the QIP, it said in a regulatory filing

Canara Bank to raise up to Rs 2,000 cr equity capital through QIPs

As per the filing, the number of equity shares of the face value of Rs 10 each in one or more tranches with a premium will be decided as per applicable guidelines/ regulations

Indiabulls Housing raises Rs 1,205 cr via QIP, stake sale in OakNorth

The non-banking finance company (NBFC) has raised Rs 682.87 crore through the QIP and Rs 522 crore from the partial stake sale

Hindustan Copper board defers decisions of proposals due to less time

"Due to paucity of time, the.... proposals could not be discussed and deferred by the board," it said in a regulatory filing

Indiabulls Housing may raise Rs 1,000 cr via QIP, divestment in OakNorth

Indiabulls Housing Finance is aiming to raise up to Rs 1,000 crore through a QIP launched on Wednesday as well as partial divestment of its stake in UK-based OakNorth Bank in tranches, sources said.

Indiabulls Housing launches QIP; sets floor price at Rs 206.7 per share

Indiabulls Housing Finance launched its QIP (qualified institutional placement) and set the floor price at Rs 206.70 per equity share for the issue

Covid-19 impact: IndiGo may shelve approved QIP plan if air travel picks up

QIP is a capital-raising tool through which listed companies can sell shares, fully and partly convertible debentures, or any securities, other than warrants that are convertible into equity shares

Top headlines: Japan to support firms moving to India, SC rejects exam plea

From Japan subsidising manufacturing firms moving to India or Bangladesh from China to IndiGo planning to shelve planned QIP if travel picks up, here are the top headlines of the evening

GMR group to list airport business, raise Rs 5,000 crore via securities

This will be the first airport company to be listed on the Indian stock exchanges