Page 11 - Qip

Covid-19: Axis Bank, HDFC raise Rs 10,000 cr each via QIPs to absorb risk

Recently, many private sector lenders have raised funds to create a buffer so that they are in a position to absorb any kind of shock emanating from the pandemic

HDFC launches Rs 14,000 crore QIP at floor price of Rs 1,838; stock up 1.5%

The floor price is at a 3.5 per cent premium of Wednesday's close price. The company will use part of fresh capital for funding inorganic opportunities and investments in existing group businesses.

HDFC to raise Rs 14,000 crore, fixes Rs 1,838 as floor price for QIP

Mortgage lender will use part of capital to fund inorganic opportunities and investments in existing group businesses

Info Edge shares gain 7%, hit all-time high on launch of QIP

The floor price of the QIP has been fixed at Rs 3,177.18 per equity share

Axis Bank sets a floor price of Rs 442.19 per equity share for QIP

Axis Bank on Tuesday said it has set a floor price of Rs 442.19 per equity share for its proposed Rs 15,000 crore qualified institutional placement (QIP).

Alembic Pharma gets board approval to raise up to Rs 1,000 cr via QIP

Further, the board has delegated its authority to a fund-raising committee which shall be authorised to take decisions with respect to the issue

UCO Bank approves raising Rs 3,000 cr in FY21, awaits shareholders nod

In a regulatory filing, the bank said that it will now seek shareholders' approval in its annual general meeting on August 7

ICICI Bank to raise up to Rs 15,000 cr to support business growth

The lender joins a slew of other private sector banks who have undertaken a similar exercise

Protection stocks offer opportunity; opt for insurance and gold finance cos

Quality stocks in banking and financial services sector are still available at attractive valuations

Axis Bank gets approval to raise up to Rs 15,000 cr to tide over Covid-19

In a meeting held on Thursday, the private lenders' board approved the capital raising plan through issue of equity shares/ depository receipts or any other instrument or securities

Kotak launches $1 bn QIP, will issue 65 mn new shares for Rs 1,147.75 each

The bank has the discretion to offer up to 5% discount on floor price to investors participating in the QIP programme

Torrent Pharma gets shareholder nod to raise up to Rs 5,000 crore

The approval of the shareholders was sought by way of special resolution through a postal ballot

PNB Housing Finance to raise Rs 1,700 crore in equity through QIP

The housing finance company, however, did not specify timing for the QIP offering

Avenue Supermarts, Bajaj Finance: QIP-related stocks outperform markets

YES Bank (down 58 per cent), RBL Bank (down 5 per cent) and Prestige Estates Projects (down 0.04 per cent) are the only three counters to trade below their respective QIP prices

DMart launches its QIP programme to raise at least Rs 4,000 crore

The company is currently valued at Rs 1.41 trillion and is among top 20 most valued firms in the country

Chola to raise Rs 900 crore through QIP; Singapore govt among investors

A total of 2,81,25,000 equity shares of face value Rs 2 each has been approved for allotment.

Cholamandalam Investment opens QIP with floor price of Rs 322.59 per share

The company said that it may offer a discount of not more than five per cent on the floor price so calculated for the issue

Airtel mops up $2 billion at issue price of Rs 445 per share as part of QIP

Issue price was at a discount of 1.57% to the stated floor price of Rs 452.09 per equity share

Top Headlines: Amazon to invest $1 bn in Indian SMBs, Airtel $3-bn QIP plan

Bharti Airtel has announced allotment of 323.5 mn equity shares to eligible institutional buyers at an issue price of Rs 445 per share as part of $2 billion QIP

Bharti Airtel's fundraise garners $10 billion, three times its target

The issue opened Wednesday and has already been oversubscribed and according to banking sources the allocation of the shares will be made next week