Page 8 - Qip

Lodha launches Rs 4,000-cr QIP, fund raise will lead to 7.5% dilution

Close to 34 million new shares will be issued; BofA Securities, JP Morgan and Kotak Mahindra Capital are the investment banks handling the share sale

Equitas Small Finance Bank to raise up to Rs 1,000 crore via QIP

Stock of the firm closed with a gain of about one per cent at Rs 67.3 per share on the BSE on Monday. Its capital adequacy ratio stood at 24.07 per cent at the end of June

Phoenix Mills looks to double its portfolio of retail properties by FY26

Currently, it has 6.9 million (mn) sq. ft of malls in cities such as Mumbai, Pune, and Beng­aluru, among others

Bank of India looks to cut govt stake with follow-on equity offer in FY23

It is keen on bringing the holding down to 75%, which Sebi has been advising, the bank's MD and CEO Atanu Kumar Das said

Rupee continues to rise on Fed Chair Powell's take on taper

Experts say RBI won't allow Rs to appreciate out of sync with Asian currencies

QIP, Jhunjhunwala stake buy: Canara Bank can rise 31% from here, charts say

Rakesh Jhunjhunwala has picked a 1.59 per cent stake in the state-owned lender

Bank of India plans to raise Rs 3,000 cr equity capital via QIP

The bank will also utilise the proceeds of the QIP for developing app based retail loan applications and offer electronic bill discounting facility, they added.

Stocks to watch: Aptus Value, Chemplast, Maruti, Eicher Motors, Canara Bank

The Board of Eicher Motors decided to unanimously reappoint Siddhartha Lal as managing director (MD) with a revised remuneration package

Fundraising through rights issues falls sharply in January-July period

Experts said promoters opt for rights issues in a bearish market as they don't want to dilute their holdings when the valuations are unattractive

Stocks to watch: HDFC Bank, Canara Bank, HAL, HCL Tech, Meghmani Finechem

Zydus Cadila received tentative approval from the US health regulator to market Lenalidomide capsules used for the treatment of various types of cancers

QIP mechanism: Sebi makes e-book platform mandatory for NCDs portion

Markets regulator Sebi on Friday came out with guidelines for non-convertible debentures with warrants products, whereby it made electronic book platform mandatory for the NCDs portion of the issue

IndiGo first Indian carrier to start ESG reporting, mulls use of green fuel

Meeting green goals will make the company attractive to global funds and lenders which are focusing increasingly more on sustainable investing

Karnataka Bank Q1 net down 46% to Rs 106 cr as treasury income dips

Mulls QIP for equity capital raise

Bank of Maharashtra closes QIP, raises about Rs 404 crore from issue

State-owned Bank of Maharashtra on Friday closed its qualified institutional placement (QIP) in which it raised about Rs 404 crore by allotting over 17 crore shares to eligible investors.

Bank of Maharashtra fixes floor price at Rs 24.89 per share for QIP

State-run Bank of Maharashtra (BoM) on Tuesday said the board has fixed floor price of Rs 24.89 per share for the proposed Rs 2,000 crore qualified institutional placement (QIP).

Indian Bank opens Rs 4000-cr QIP issue; sets floor price at Rs 142.15/share

State-owned Indian Bank on Monday launched its qualified institutional placement (QIP) of shares to raise around Rs 4,000 crore, setting the floor price at Rs 142.15 per share.

Canara Bank's board approves plan to raise up to Rs 9,000 crore in FY22

The bank had raised Rs 2,000 crore through another QIP in December 2020.

Investment bankers set to take home hefty bonuses on record fundraising

Industry players estimate the average payouts to be in the range of 50-75 per cent of the bankers' annual salaries. For the top performers, the bonuses could be 100-125 per cent

State-owned Hindustan Copper raises Rs 5 bn via QIP issue: Details here

State-owned Hindustan Copper (HCL) on Thursday said it has raised Rs 5 billion through issuance of shares to institutional investors

IDFC First Bank raises Rs 3,000 crore equity capital through QIP

IDFC First Bank raised Rs 3,000 crore via QIP in which global marquee investors like BNP Paribas and Baillie Gifford participated alongside domestic players such as Bajaj Allianz Life and HDFC Life