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Qualified Institutional Placement News

19 Aug 2020

People's Bank of China picks up stake in ICICI Bank via QIP issue

The People's Bank of China was among 357 institutional that subscribed to the issue. Other investors included domestic mutual funds, insurance companies and global institutions. The Chinese central bank has reportedly picked up shares worth Rs 15 crore in Rs 15,000 crore QIP issue.

Bank of Maharasthra

28 Jun 2019

Bank of Maharasthra to raise up to Rs 3,000 crore equity capital

A resolution was passed by shareholders for raising of equity capital by follow on public offer/rights issue/qualified institutional placement/preferential issue, aggregating to Rs 3,000 crore including share premium, the bank said in a regulatory filing.

29 Mar 2019

DLF's over Rs 3,000 cr QIP closed; issue price fixed at Rs 183.4 a share

The panel also approved the issue price of Rs 183.40 per equity share, which is at a discount of 4.98 percent (i.E. Rs 9.61 per share) to the floor price of Rs 193.01 per share.

28 Dec 2017

Sebi puts 10% cross-shareholding cap in mutual funds

The new measure may have an impact on the shareholding pattern of UTI Asset Management Company (AMC), requiring its promoters to lower their stake to 10 percent or below in next one year.

12 Jun 2017

QIP credit positive for SBI, removes dependence on govt: Moody's

In a report, the US-based agency said any capital infusion from the government will further strengthen the bank's capitalisation.

State Bank of India

09 Jun 2017

SBI raises Rs 15,000 cr from QIP

India`s largest bank State Bank of India (SBI) has successfully completed raising of Rs 15,000 crore from qualified institutional placement (QIP), a top bank official said on Friday.

08 Jun 2017

SBI raises Rs 15,000 crore through QIP

Country's largest lender SBI on Thursday said it has raised Rs 15,000 crore by selling 52.2 crore shares through qualified institutional placement (QIP), the largest share sale in the secondary market by a bank.

04 Jun 2017

RBI policy, macro data, monsoon to guide markets

RBI's monetary policy review, key macroeconomic data and progress of monsoon rains would influence market sentiment this week, say experts.

Kotak Mahindra Bank

12 May 2017

Kotak Mahindra Bank raises Rs 5,800 crore through India's second largest QIP

Private sector lender Kotak Mahindra Bank on Friday raised over Rs 5,800 crore through a qualified institutional placement (QIP) at Rs 936 a share, sources said.

09 May 2017

UCO Bank plans to raise Rs 75 crore capital

State run UCO Bank on Tuesday said it is planning to raise Rs 75 crore of equity capital during the current financial year in one or more tranches.

09 May 2017

SBI to raise funds via FPO, QIPs; to appoint 6 merchant bankers

Country's largest lender SBI on Tuesday said it plans to raise funds through follow-on public offer and institutional placement in the current fiscal and has sought applications from merchant bankers for managing the issue.

Motherson Sumi Systems

17 Sep 2016

Motherson Sumi raises Rs 1,993 crore via QIP issue

Auto component firm Motherson Sumi Systems has raised Rs 1,993.44 crore via issuance of 62,884,827 shares to qualified institutional buyers.

01 Jul 2016

ADB, IFC in talks with IDBI Bank for Rs 3,771-cr QIP

Global lenders, Asian Development Bank and International Finance Corporation, as well as other investors are in talks for state-owned IDBI Bank's Rs 3,771- crore stake sale via qualified institutional placement route.

17 Mar 2016

Firms mop-up over Rs 14K crore from QIP in April-Jan

Indian companies have raised over Rs 14,000 crore through Qualified Institutional Placement (QIP) route in the first ten months of the ongoing fiscal.

30 Dec 2015

Companies raised Rs 68,608 cr through equities in 2015

Five IPOs had hit the capital market to garner just Rs 1,201 crore in 2014.

Aurobindo Pharma

18 Nov 2015

Aurobindo Pharma to seek shareholders nod to raise $600 mn

Aurobindo Pharma will seek approval from its shareholders for an enabling resolution to raise up to USD 600 million (around Rs 3,974 crore) via issue of securities.

12 Nov 2015

Fund mop-up via QIP slumps 38% in H1 FY'16

Fund raising by listed companies from institutional investors plunged by 38 percent to Rs 12,658 crore in the first six months of the current fiscal.

07 Sep 2015

India Inc raises Rs 17,000 crore via QIPs in Jan-July

This comes on top of Rs 31,684 crore that was raised by various listed firms by issuance of shares to institutional investors in the entire 2014.

public sector banks

30 Jul 2015

Govt looking at enhancing capital allocation for PSBs: Jaitley

Government is examining the possibility of suitably enhancing the capital allocation for public sector banks (PSBs) during this fiscal, Finance Minister Arun Jaitley has informed the Rajya Sabha.

Qualified Institutional Placement

08 Jul 2015

QIP issue proceeds drop nearly 30% to Rs 726 crore in May

The funds raised in May are the second-lowest after Rs 225 crore mopped up in January this year.

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