Qualified Institutional Placement

Citing weak market, banks delay QIP plans

When contacted Union Bank chief financial officer Mayank Mehta said: "We have still not decided on the time when we will be doing it."

Mar 05, 2014, 21:14 PM IST

SBI raises Rs 8,032 cr in country's biggest QIP issue

State-owned bank SBI has raised Rs 8,032 crore by selling shares through qualified institutional placement, making it the biggest ever equity sale via this route, but largely aided by LIC.

Jan 30, 2014, 22:37 PM IST

SBI gets shareholders' nod for Rs 11,500-cr QIP

State Bank of India (SBI) has got shareholders' approval for raising up to Rs 11,500 crore by way of Qualified Institutional Placement (QIP) or public offer.

Dec 31, 2013, 17:32 PM IST

PSU banks line up QIP issues worth over Rs 15,000 cr

Apart from State Bank of India and IDBI Bank, Indian Overseas Bank, Dena Bank and Allahabad Bank have also evinced interest in raising funds through qualified institutional placement (QIP).

Dec 29, 2013, 13:06 PM IST

Allahabad Bank gets shareholders nod for QIP

City-based nationalised Allahabad Bank has got the shareholders' approval for a preferential issue of Rs 400 crore and a Qualified Institutional Placement (QIP) of Rs 320 crore for shoring up the equity base of the lender.

Dec 25, 2013, 13:45 PM IST

Indian Overseas Bank to raise Rs 350 cr through QIP

State-owned Indian Overseas Bank (IOB) on Monday said its board has approved to raise Rs 350 crore through Qualified Institutional Placement (QIP).

Dec 16, 2013, 14:56 PM IST

Govt okays SBI plan to raise Rs 9576 crore via QIP this fiscal

The country's largest lender State Bank of India Monday said it has received government approval to raise Rs 9,576 crore through a qualified institutional placement (QIP) in the ongoing fiscal.

Dec 09, 2013, 21:40 PM IST

SBI plans around Rs 9,000 cr QIP issue

The country's largest lender State Bank of India Wednesday said it has sought government approval to raise Rs 8,000-9,000 crore through the qualified institutional placement (QIP) by the end of the current fiscal.

Nov 13, 2013, 21:56 PM IST

SBI to get Rs 2000 cr as part of Rs 14K cr banks fund infusion

The Finance Ministry on Wednesday decided to pump in Rs 2,000 crore in State Bank of India and Rs 1,800 crore each in IDBI Bank and Central Bank of India as part of the Rs 14,000 crore capital infusion plan for the current fiscal.

Oct 23, 2013, 17:03 PM IST

Fund raising via QIP declines 62% to Rs 1066 cr in June: Sebi

Amid sluggish market conditions, fund raising by Indian companies through issue of shares to institutional investors plunged 62 percent to Rs 1,066 crore in June.

Aug 02, 2013, 13:52 PM IST

Fund raising through QIP hit 3-mnth high at Rs 2,832 cr in May

Fund raising by Indian companies through issue of shares to institutional investors rose to three-month high to a staggering Rs 2,832 crore in May.

Jul 01, 2013, 14:47 PM IST

ING Vysya raises Rs 1,836 cr via QIP, preferential issue

ING Vysya Bank Thursday said it has raised Rs 1,836 crore through qualified institutional placement (QIP) and preferential placement as part of its recapitalisation.

Jun 27, 2013, 22:07 PM IST

Axis Bank mops up Rs 4,726 cr in largest-ever QIP sale

Axis Bank Thursday said it successfully closed the largest equity QIP programme in the country worth over Rs 4,726 crore, which saw participation from pension funds, insurers and domestic mutual funds.

Jan 31, 2013, 22:29 PM IST

Axis Bank to raise over Rs 6,000 cr via QIP, GDR route

The board of the private sector lender has also approved to increase the authorised share capital of the bank from Rs 500 crore to Rs 850 crore, Axis Bank said in a BSE filing.

Dec 17, 2012, 23:26 PM IST

Fund raising through QIP declines 53% in Sept

According to the SEBI data, companies raised Rs 1,034 crore through the Qualified Institutional Placement route in September, against Rs 2,211 crore mopped up in August.

Nov 05, 2012, 15:49 PM IST

LICHFL plans Rs 1,200-cr QIP issue by Dec

LIC Housing Finance is targeting to raise up to Rs 1,200 crore through an institutional placement offer by December, company's top executives have said.

Oct 24, 2012, 17:43 PM IST

Cos raise Rs 2,211 cr in Aug via institutional investors

Fund-raising by Indian companies through issue of shares to institutional investors is gathering pace, rising to Rs 2,211 crore in August -- highest in a month during the current fiscal.

Oct 08, 2012, 15:17 PM IST

Parsvnath seeks shareholders nod to raise up to Rs 1,500cr

Parsvnath Developers has sought shareholders' approval to raise up to Rs 1,500 crore through issue of equity shares or other securities to finance its projects and pare debt.

Aug 31, 2012, 18:57 PM IST

Share sale through QIPs down 83% till Sept

Sale of shares through QIP route, which allows listed companies to issue shares to institutional investors, seems to have lost the favour of the market, as the first nine months of this year have seen an 83 percent decline in raising of such funds.

Oct 06, 2011, 13:14 PM IST