Shares of Reliance Infrastructure today rallied 12.4% to its new 52-week high of Rs 320 on BSE after the company’s board approved raising of Rs 3,014 crore by preferential issue of up to 12.56 crore shares and convertible warrants at a price of Rs 240 apiece. “We hereby inform you that the Board of Directors … Read more
Adani Energy Solutions launched a qualified institutional placement (QIP) on Tuesday to raise $1 billion (₹8,373 crore), showed a term sheet issued by the bankers. The issue comprises a base deal of up to ₹5,861 crore ($700 million) and a greenshoe option to upsize by up to an additional ₹2,512 crore ($300 million). The company … Read more
Puravankara’s board of directors on Thursday approved a Rs 1,000 crore fundraising plan via the qualified institutional placement (QIP) mode in one or more tranches. The Instruments to be issued under QIP could be equity shares or debentures. The Bengaluru-based real estate developer has projects in major Indian cities including Bengaluru, Mumbai, Pune, Goa, Hyderabad, … Read more
After jumping 435% in one year, the board of multibagger stock KPI Green Energy today announced a stock split in the ratio 1:2, meaning that one equity share of the company will now be split into 2 equity shares. “The Board of Directors, inter alia, has considered, approved and recommended ordinary resolution through postal ballot … Read more
Sajjan-Jindal-led JSW Energy Limited has raised Rs 5,000 crore by selling shares to institutional investors, including Blackrock Inc, Nomura, Wellington Management Company, GQGPartners, UBS Group, and Abu Dhabi Investment Authority (ADIA), the company said in a late regulatory filing on Friday. The proceeds from the QIP will be used to pare debt and also invest … Read more
New Delhi: JSW Energy Limited has raised Rs 5,000 crore by selling shares to institutional investors, including Abu Dhabi Investment Authority (ADIA), to accelerate its growth plans. In a late regulatory filing on Friday, the company informed that it has successfully completed its Rs 5,000-crore Qualified Institutions Placement (QIP). JSW Energy said the proceeds from … Read more
Shakti Pumps (India) on Friday said that it has raised an amount of Rs 200 crore through qualified institutional placement route. The Qualified Institutional Placement (QIP) issue garnered significant interest from qualified domestic institutional investors and was fully subscribed by two large Mutual Funds – LIC Mutual Fund and SBI Mutual Fund, the solar pumps … Read more
State owned Union Bank of India has raised Rs 3000 crore through a qualified institutional placement (QIP) allowing the bank to deepen its capital and also reduce its government holding below the regulatory ceiling of 75%, multiple people aware of the details said. Demand was ten times the amount required as large local and overseas … Read more
Umesh Chowdhary, VC & MD, Titagarh Rail Systems, says “following the Rs 700-crore QIP, as far as the current plans are concerned, whether it is the Vande Bharat, whether it is the ongoing projects that we have, we believe that for both the capex and the working capital, apart from the debt that will need … Read more
