Global lenders, Asian Development Bank and International Finance Corporation, as well as other investors are in talks for state-owned IDBI Bank's Rs 3,771 crore stake sale via qualified institutional placement route
The figure is already much higher than Rs 13,663 crore that was raised through the Qualified institutional placements (QIPs) route in the entire 2013-14.
Mahindra Holidays & Resorts India Friday said it plans to use funds from the upcoming Institutional Placement Programme (IPP) to buy new resorts as a part of its ongoing expansion strategy.
Godrej Properties is looking to dilute promoter stake in the company through the institutional placement (IPP) route. CNBC-TV18 caught up with Adi Godrej, the chairman of Godrej Industries to get the details.
The decks maybe cleared for the government to auction its stakes in PSUs. Sebi's guidelines for the institutional placement programme is expected to be announced today, reports CNBC-TV18's Akanksha Sethi