CHENNAI: Indian Overseas Bank (IOB) on Thursday launched a qualified institutional placement (QIP) to raise Rs 2,000 crore. This will bring down the Centre's shareholding in the state-run bank.

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 ...

A recent informal guidance by the market regulator will hit the fundraising plans of OneSource Specialty Pharma, a contract development and manufacturing organisation (CDMO). OneSource, a public ...

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 ...

The SME stock informed about the preferential issue move, saying, "The Board has accorded to create, issue, offer and allot, on a preferential basis, 24,27,000 fully convertible warrants at an ...

Shares of UCO Bank are poised to take center stage on March 24 as the state-run lender kicks off a Rs 2,000 crore qualified institutional placement (QIP). The issue is priced at Rs 34.2 per share ...

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.

Bankers say a few more firms are likely to launch QIPs in the coming week as companies look to capitalise on improving market sentiment and investor appetite. Indian Overseas Bank closed its QIP on ...

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 ...

Hitachi Energy India informed that its board has approved the opening of the issue of qualified institutional placement (QIP) of equity shares with the floor price of Rs 12,112.50 per equity share.

State-owned Punjab & Sind Bank on Monday fixed the floor price of Rs 40.38 per share to raise funds through QIP. The bank has proposed to raise Rs 2,000 crore through Qualified Institutional Placement ...

Restaurant Brands Asia Ltd., the operator of fast food chains such as Tim Hortons, Burger King and Popeyes, completed its share sale to institutional investors on Wednesday. The board issued shares ...