Indiabulls Real Estate Limited, announced that it has successfully completed a capital raise of ₹8.65 billion (US$ 114 million) at ₹101.10 per equity share through Qualified Institutional Placement. Trading of these shares will commence today ie April 18, 2022, on NSE and BSE. The fund-raising committee of the Board of Directors of the Company approved…
Route Mobile Limited (Route Mobile), a CPaaS (Communication Platform as a Service) provider to enterprises, over-the-top (OTT) players, and mobile network operators, announced that it has successfully raised ₹ 8,674.98 million via Qualified Institutional Placement (QIP). The QIP saw interest from a mix of international and domestic investors. Several existing and new shareholders participated in…
Shriram Transport Finance Company Limited (STFC), has successfully raised Rs. 1,998.98 crores via a qualified institutions placement of equity shares. The Company had launched its QIP on June 7, 2021 and received 6.3x oversubscription. The QIP was priced at Rs. 1,430 per share, representing a discount of 0.23% to the regulatorily determined floor price was…
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…
Bharti Airtel, India’s integrated telecommunications company has announced the successful fund raising exercise through completion of Qualified Institutional Placement (“QIP”) and pricing of Foreign Currency Convertible Bonds (“FCCBs”). The transaction is the largest dual tranche Equity and FCCB offering ever in Asia-Pacific, the largest QIP by a private sector issuer ever in India and the…
RBL Bank, has announced that it has successfully concluded the QIP of Rs. 2,025 crore at the issue price of Rs. 351 per share (including premium of Rs. 341) pursuant to the allotment of 5.77 crore equity shares. The Bank had received approval for the capital raise from its Board of Directors on April 18,…