CHENNAI: Public sector Indian Overseas Bank (IOB) has raised Rs 1,436 crore through qualified institutional placement (QIP). More than 62% of the total shares under the QIP process was allotted to ...

The shares of Punjab & Sind Bank rallied nearly 6 percent on March 25 after the lender announced the launch of its qualified institutional placement (QIP) of equity shares and approved the floor ...

Banks set a floor price on QIPs. Reports had suggested the government had approved a fundraising worth ₹10,000 crore in offer for sale for five PSU banks to maintain minimum public shareholding norms.

Indian Overseas Bank closed its QIP on Monday, raising ₹1,436 crore by selling 354.1 million equity shares to institutional investors. The bank had initially planned to raise up to ₹2,000 crore ...

State-owned UCO Bank Ltd on Thursday (March 27) said it has successfully closed its Qualified Institutions Placement (QIP), with the issue price set at ₹34.27 per share, including a premium of ₹24.27 ...

Motilal Oswal is the sole book-running lead manager of the QIP. Recently, public sector bank Punjab & Sind Bank had also announced the approval and launch of its QIP, as per an exchange filing. The ...

The selling pressure in the stock came after the company launched its qualified institutional placement (QIP) on March 24. Around 11:48 AM, Central Bank share price was down 4.7 per cent at ₹44.65 per ...

The base issue of the QIP offers over 37 crore shares and a greenshoe option of over 12.3 crore shares. The board approved the indicative price of Rs 40.49 per share, indicating a discount of nearly ...

The four lenders raised a total sum of ₹6,155 crore through the QIP exercise, of which, ₹1,525 crore have come by selling shares to LIC. While Indian Overseas Bank closed its QIP earlier in the week, ...