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Investment

IDBI Bank raises Rs 1,435 crore from 44 qualified institutional investors

IDBI Bank has secured Rs 1,435 crore via issue of equity shares to 44 eligible qualified institutional buyers, as per a regulatory filing. The bank had intended to raise Rs 2,000 crore (base size Rs 1,000 crore and green-shoe option of Rs 1,000 crore) by way of the QIP issue at a floor price of […]

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Investment

Reliance Retail completes Rs 47,265 cr fundraise via 10.09% stake sale

Reliance Retail has raised fundraise of Rs 47,265 cr in exchange of 10.09% stakes. The “largest fund raised exercise in the sector” is completed within two months. According to a statement released by the parent company, Reliance Industries Ltd., all the investments have been completed, with receipts of funds and issue of shares. Ms Isha […]