Adani Ports and Special Economic Zone Ltd (APSEZ), which is looking to expand its ports business, plans to raise up to Rs 10,000 crore
Tag: qualified institutional placement
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SBI to raise Rs 5,000 cr by March
Before next March, the State Bank of India (SBI) plans to raise Tier-II capital of about Rs 5,000 crore. The bank had announced earlier that it plans to raise over Rs 9,000 crore in Tier-I capital through the qualified institutional placement (QIP) route to strengthen its core capital.
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KVB may issue shares to raise capital
In order to ramp up its capital base, Karur Vysya Bank is considering to issue shares worth Rs 1,000 cr in one or more tranches through qualified institutional placement (QIP) route. Alternatively, the bank, which was set up in 1916 by MA Venkatarama Chettiar and Athi Krishna Chettiar, may raise the investment cap for the FII upto a limit of 40 per
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City Union Bank to raise upto Rs 350 cr
City Union Bank (CUB) on July 29 said it plans to raise about Rs 350 crore from share sale to institutional investors. The board has resolved to seek the approval of the shareholders of the bank to augment capital up to Rs 350 crore, inclusive of premium through a process of Qualified Institutional Placement (QIP), the private bank said in a filing to the BSE. The decision is subject to the applicable laws and regulations including the guidelines issued by RBI and market regulator SEBI by passin
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Yes Bank to raise capital for business development
Media reports indicate that YES Bank may raise capital by issuing shares through qualified institutional placement (QIP) or any other route in order to fund its expansion plan. The company may also consider Global Depository Receipts, American Depositary Receipts, follow-on public issue or by any other appropriate mode as decided by the Capital Raising Committee, the bank informed the Bom