The airline's fundraising committee, on September 20, approved the allotment of more than 48.70 crore shares at a price of Rs 61.60 apiece to the more than 80 QIP participants, according to a regulatory filing. The total amount for which the securities have been issued is nearly Rs 3,000 crore.
Shares of Indian state-owned lenders have touched record highs this year, with Indian Bank’s jump of more than 53% outperforming a near 29% rise in the Nifty PSU Bank index.
The committee took note of the letter from BSREP II India Office Holdings II Pte Ltd (a member of the sponsor Group) expressing their support towards the closure of the acquisitions of Kairos Property Managers and Candor Gurgaon One Realty Projects.
HMA Agro Industries | The final issue price has been fixed at Rs 585 per share.
The digital supply chain finance (SCF) ecosystem links HNIs and institutional investors, searching for returns with trusted providers, while MSMEs pool their unpaid invoices to obtain working capital
The units will be issued at a price not less than the rate to be determined in accordance with SEBI's guidelines for REIT to eligible investors through an institutional placement in one or more tranches.
ABSL AMC has retained the fourth position in terms of quarterly average AUM (excluding ETFs) since September 2011
APEL may use the raised funds to acquire a 50 percent stake in a joint venture, pare down debt from its balance sheet and invest in building digital capabilities.
The 2-day offer for sale (OFS) of the government's 5 percent stake in BEL at a floor price of Rs 1,498 opened for non-retail investors today.
Infosys' former CFO, T V Mohandas Pai today exhorted institutional investors to raise questions about the huge cash pile on the company's books and governance issues, as investors have an obligation to protect their investment.
Amid the ongoing conflict between Infosys' Board and its founders, its CEO Vishal Sikka is scheduled to meet institutional investors tomorrow at an event in Mumbai.
Rising disposable income coupled with growing interest from institutional investors is giving a boost to developers to take up retail malls space building which is expected to touch around 11 million sqft in 2017 across top eight cities, a recent survey said.
Even as Tata Sons is gearing up for an EGM battle, it has reached out to institutional investors to allay fears, sources tell CNBC-TV18. The holding company of Tata group companies has been in touch with foreign and domestic investors, the above sources add.
This year’s Investment Prospects survey, has revealed a strong shift towards emerging market destinations, with two Indian cities Bengaluru and Mumbai topping a list that also includes Vietnam, the Philippines and Shenzhen (in China), R
Fund raising by listed companies from institutional investors plunged by 78 per cent to Rs 2,818 crore in the first six months of the current fiscal.
According to the data available with the Securities and Exchange Board of India (Sebi), Indian firms garnered Rs 323 crore via qualified institutional placement (QIP) route during April-June, much lower than Rs 3,265 crore mopped-up in the same period last fiscal.
Speaking to CNBC-TV18 on the ongoing GST vote, Jan Dehn of Ashmore Investment Management said it will be significantly important particularly for long term institutional investors as they like to see reform and this is probably the most profound tax reform India could do.
NHPC is the first PSU stake sale of the current fiscal and the government is selling over 125.76 crore equity shares of NHPC representing 11.36 per cent of the total paid-up equity share capital.
Top stock exchange BSE has decided to implement self-trade prevention checks (STPCs) for institutional investors trading in its equity and currency derivatives segments from January 18.
It is boom time in the IPO market with companies queuing with their public offers, but it is largely institutional investors who are taking the bait while retail investors and HNIs still appear to be cagey.
To push institutional investors into greater engagement in governance matters of listed firms, a high-level advisory body of regulator Sebi has suggested a new code on the lines of the Stewardship Code of the UK.
Earlier in January, the government had allowed increasing foreign holding HDFC Bank, the country's most valuable lender. The application was pending for over a year.
Saving grace came in the form of the 33 QIPs this calendar year, which saw Rs 31,684 crore being raised from institutional investors, the highest in 5 years, accounting for 81 percent of the total amount mobilized this year, says Pranav Haldea, managing director, PRIME Database.
The amount raised will be used for paying the debt, which stood at Rs 14,760 crore at the end of June this year. The company has been losing market share over the last many years.
Rishav Dev of Quant is not too worried about the decline in fund flows in September. He says maybe the magnitude of flows has slowed, but it is inflows nonetheless. Moreover, he adds, global factors are in India's favour.