QIP NEWS
Lloyds Metals and Energy likely to launch Rs 1,200 crore QIP this week
Lloyds Metals and Energy shares rallied 5% on Thursday, closing at Rs 775. The stock has gained 31% in the last six months, compared to an 11% rise in the Sensex index. In March, the board of Lloyds Metals approved raising up to Rs 5,000 crore through QIP in one or more tranches.
Cello World launches Rs 737 crore QIP
The term sheet indicates an indicative issue price of Rs 852 per share and a floor price of Rs 896 per share. Cello World’s stock closed at Rs 961 on July 3, indicating that the QIP is being launched at an 11% discount to the last closing price.
Cello World shares jump 4% to new high on QIP launch
Cello World's shares surged 4% to a new high of Rs 1,024 on BSE following the launch of a qualified institutional placement to raise funds. The company plans to utilize the funds for debt repayment and potential expansion in the glassware segment or acquisitions.
Stocks in news: HCL Tech, Polycab, SAMHI Hotels, Archean Chemical, Ambuja Cement
Sagar Cements re-appointed S Anand Reddy as Managing Director and S Sreekanth Reddy as Joint Managing Director of the company for a period of three 3 years.
Stocks in news: Adani Ports, Cipla, Prestige Estates, MCX, Lupin
Positive growth in domestic markets for the third consecutive week with a focus on Adani Ports, Cipla, Prestige Estates, MCX, Lupin. Updates on Thomas Cook India, SAIL, Wipro, Prestige Estates, Lupin, Cipla, MCX, TVS Motor, CSC Grameen eStores.
Prestige Estates board approves Rs 5,000 crore fundraising plan via QIP or other modes
The funds would be raised in one or more tranches. The company plans to monetise assets of the hospitality segment through Prestige Hospitality Ventures Limited, a wholly-owned subsidiary of the company, by way of the issue of shares (through primary or secondary markets or both).
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Stocks in news: Paytm, Indus Towers, Vedanta, Cipla, Gland Pharma
Domestic markets start positively with Paytm, Indus Towers, Vedanta, Cipla, Gland Pharma in focus. ZEE appoints acting CFO. Tata Technologies partners with Microsoft. Wabco to sell ZF equity. Craftsman Automation launches QIP. Fosun Pharma reduces stake. Vedanta monetises steel business. Goldman Sachs sells One 97 shares; Vodafone sells Indus Towers shares; Generative AI hackathon.
Stocks in news: L&T Finance, Ambuja Cement, Vodafone Idea, Puravankara, Wipro
Equity indices hit record levels on Thursday after lower-than-expected inflation hints at RBI interest rate cut. L&T Finance, Ambuja Cement, Vodafone Idea, Puravankara, NITCO, Wipro, Nalco, Suven Pharma, and MosChip Technology make significant moves. Adani Group-owned Ambuja Cement acquires Penna Cement at Rs 10,422 crore. Morgan Stanley buys 3.13 crore equity shares in L&T Finance.
Transformers and Rectifiers launches Rs 500 crore QIP
The term sheet indicates an indicative issue price of Rs 665 per share and a floor price of Rs 699.95 per share. Transformer and Rectifier's stock closed at Rs 733.80 on June 10, indicating that the QIP was launched at a 9.38% discount to the last closing price.
Adani Enterprises approves Rs 16,600-cr QIP
On Monday, the board of group firm Adani Energy Solutions also approved raising up to Rs 12,500 crore through a QIP. The two companies will raise a total of Rs 29,100 crore or around $3.5 billion.
Adani Energy Solutions to raise up to Rs 12,500 crore via QIP or other permissible mode
In its filing to the exchanges, the company said that the fundraising exercise will be subject to the receipt of the necessary approvals at the ensuing Annual General Meeting (AGM) scheduled on June 25, 2024.
Torrent Pharma board approves to raise Rs 5,000 crore
Torrent Pharmaceuticals, actively seeking to expand through acquisitions, has expressed interest in purchasing Mumbai-based pharmaceutical company JB Pharma, according to a report by ET on Friday.
Embassy REIT’s unitholders approve fundraise of up to Rs 3,000 crore through QIP
The resolutions passed will help Embassy REIT to fund the acquisition and will also help the REIT to optimize its balance sheet for future growth
Sterlite Technologies stock rallies 7% after completion Rs 1000 crore QIP
The share price of Sterlite Technologies Ltd (STL) rallied 7.5% to Rs 144.80 after the company announced the completion of Rs 1000 crore fund raise through Qualified Institutional Placement (QIP) route.
Sterlite Technologies soars nearly 13% on QIP announcement
Sterlite Technologies may offer a discount of not more than 5% on the floor price for the issue, which will be determined by the company in consultation with the book-running lead manager.
Angel One raises Rs 1,500 crore via QIP; Motilal Oswal MF, Franklin Templeton among investors
The QIP received an overwhelming response from both domestic and foreign institutional investors, the brokerage firm said. Angel One allotted 58,70,818 equity shares to qualified institutional buyers at Rs 2555.01 a share.
JSW Energy shares hit 52-week high on plans to raise Rs 5,000 crore via QIP
JSW Energy shares rose nearly 3% to hit a 52-week high of Rs 558 in Wednesday's trade on BSE after the firm said it plans to raise Rs 5,000 crore by selling shares to high net worth investors through a qualified institutional placement process or QIP.
JSW Energy board approves raising Rs 5,000 crore through QIP
The Board has also authorised the finance committee to take all the necessary decisions in this regard. JSW Energy is one of the leading private-sector power producers in India. The company has established its presence across the value chains of the power sector with diversified assets in power generation, and transmission.
JSW Energy to raise Rs 5,000 crore via QIP
A QIP is a way for listed companies to raise capital by issuing shares to eligible institutional bidders. Details of the QIP, dates, and pricing are yet to be determined.
Angel One shares jump over 6% on QIP launch
The company has scheduled a committee meeting on Tuesday, April 2, 2024, to consider and approve the issue price for the equity shares to be allotted to qualified institutional buyers, pursuant to the Issue.
Angel One launches QIP issue, sets floor price of Rs 2,555
The fundraise aims to augment financial flexibility to grow the business and tap emerging opportunities. The growing client base, and heightened activity across multiple derivative and cash products along with the consistently increasing quantum of orders executed on the company’s platform, have entailed a sustained requirement of enhanced working capital.
DB Realty raises Rs 920 crore through QIP issue
The company has also approved the incorporation of a new wholly-owned subsidiary, Advent International, to acquire the company's substantial interests in the hospitality business through an NCLT scheme of arrangement (demerger) process.
Lodha raises $400 million QIP from investors including Invesco Oppenheimer, Blackrock, APG
Realty developer Lodha, listed as Macrotech Developers, has raised $400 million or over Rs 3,300 crore from global and domestic institutional investors including Invesco Oppenheimer, Blackrock, Carmignac, APG, and HDFC Life with an issue of equity share sale through qualified institutional placement (QIP).
Macrotech Developers sets floor price for QIP at Rs 1129.5/share; issue to open today
While the real estate developer did not disclose the amount it plans to raise, media reports said the company is looking to raise $400 million for the acquisition of land and to repay some of its debt.
Swan Energy raises Rs 3,319 crore through QIP
Quant Mutual Fund acquired 18.08% of the total issue size, while Life Insurance Corporation and SBI Life Insurance each purchased 9.04% of the issue size. Other investors in the QIP include The Triumph Fund and Dovetail India.
Angel One plans to raise Rs 2,000 crore via equity route, including QIP
The growing client base, and heightened activity across multiple derivative and cash products along with the consistently increasing quantum of orders executed on the company’s platform, have entailed a sustained requirement of enhanced working capital, to diligently manage such growth in volumes, Angel One said.
Union Bank of India share price jumps 7% on Rs 3000 crore QIP
The floor price is at a marginal premium compared to the previous day's closing price of Rs 141.1. The bank also announced the opening of the issue on February 20.
Bank of India QIP book opens Tuesday, floor price set at Rs 110.20 per share
In April, the bank had received board approval to raise Rs 4,500 crore either through a QIP or rights issue or via additional Tier-1 bonds. The lender also received approval to issue Basel-III compliant Tier-2 bonds upto an amount of Rs.2,000 crore.
RateGain Travel Tech opens QIP book, sets floor price at Rs 676.66/share
The floor price is at a discount of nearly 5% to the current market price. On Wednesday, shares of the company ended at Rs 711.90 on the National Stock Exchange, down about 1% from the previous close.
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