Preferential Issue

PE major Blackstone said to be the front runner, issue likely to be rolled out at Rs 210 - 215

Vodafone Idea board approves raising up to Rs 1,980 crore via preferential issue

Up to 176 crore shares will be issued at Rs 11.28 apiece

Vodafone Idea to consider up to Rs 2,000 crore fund raise on December 9 through a preferential issue to promoter group

The shares of Voda Idea will be in focus after Vodafone Plc announced plans to offload shares worth Rs 2,700 crore in a block trade on December 5.

Reliance Infra shares gain as board approves Rs 6,000 cr fundraising via preferential issue, QIP

Reliance Infrastructure aims to raise Rs 6,014 crore to support its expansion plans. Initially, it will secure Rs 3,014 crore through a preferential issue, followed by an additional Rs 3,000 crore through a QIP.

IREDA board approves plan to raise Rs 4,500 crore in equity capital

The funds will be raised in one or more tranches through methods including Further Public Offer (FPO), Qualified Institutional Placement (QIP), Rights Issue, Preferential Issue, or other permitted modes, the green financing NBFC said.

Vodafone Idea shareholders approve Rs 2,458 crore preferential issue to vendors Nokia and Ericsson

The shareholder voting had been conducted in response to an intimation dated June 10 proposing a special resolution to issue equity shares on preferential basis to vendors Nokia and Ericsson.

Listed co tries to pass on blame of violation to sick employee, Sebi finds otherwise

The company had failed to alert the exchange on time about a preferential issue

Aditya Birla gains 2.6% after preferential issue announcement

On June 1 the company announced that its board has approved preferential issuance of Rs 1,250 crore at a share price of Rs 165.10 a share to its promoter and promoter group entity out of the total approved equity fundraising of up to Rs 3,000 crore.

Vodafone Idea board approves Rs 436 crore fund raise plan

The company has called an extraordinary general meeting on July 15 to seek "approval of shareholders" on the proposal to raise the funds through preferential issue.

Reliance Power board approves fundraising up to Rs 1,325 crore through preferential issue

The Board of Directors of Reliance Power gave their assent to the proposed plan of preferential allotment of up to 59.5 crore equity shares to group company Reliance Infrastructure Limited.

Tata Sons stake in Tata Motors to rise to 43.73% post Rs 6,500 cr preferential issue

In a notice for extraordinary general meeting (EGM) seeking shareholders' nod, Tata Motors said as on September 30, 2019 Tata Sons held 35.3 percent stake in the company.

Looking to raise Rs 40 cr via preferential issue: Vikas Ecotech

Promoters of Vikas Ecotech will not be participating in the preferential issue and the stake of promoters will reduce to 42 percent from 43.5 percent post the allotment, said MD Vikas Garg.

SEBI may tweak preferential allotment norms to accommodate banks

At present, companies cannot make a preferential issue of shares to entities who have sold shares of the issuer company in the preceding six months

Capital First gets board's approval to raise Rs 340 cr

Non-banking financial company Capital First today said its Board has approved plan to raise Rs 340 crore through preferential issue.

Capital First to raise Rs 340 cr from Caladium Investment

Non-banking financial company Capital First today said it plans to raise Rs 340 crore through preferential issue.

Shriram EPC rises 16%, to convert loan into equity

The company at its meeting held on July 11, has approved the conversion of the working capital term loan of the CDR lenders into equity shares of the company upto Rs 1280 crore.

IDBI Bank up 3%; to raise Rs 1500cr via preferential issue

The company at its meeting held on February 20, 2016 approved the proposal for preferential issue to Life Insurance Corporation of India aggregating upto Rs 1500 crore which is subject to Government of India's approval.

Dhanlaxmi Bank up 20%, to raise Rs 233 cr via pref issue

The private sector lender further said an extraordinary general meeting is scheduled to be held on March 29 to take necessary approval from shareholders for the preferential issue.

Shree Renuka Sugars to mull rights issue on Feb 27

As per the deal, Wilmar and the existing promoters of Shree Renuka Sugars will have to participate in a rights issue jointly to raise up to Rs 725 crore of primary equity capital for Shree Renuka Sugars.

Wilmar shells out USD 200 mn for stake in Shree Renuka

The deal, subject to necessary approvals, will be done in two steps, a Wilmar release said on Thursday.

Shree Renuka-Wilmar deal likely today

At the end of the preferential issue, the promoters of Shree Renuka and Wilmar will hold an equivalent stake in the company which will be nearly 26 percent each and post that if Wilmar gets more shares from the open market, then their stake will go higher.

SBI to raise Rs 2,000 cr from bonds

The executive committee of the central board of the bank has approved allotment of Basel III compliant Tier 2 bonds of Rs 2,000 crore, SBI said in a filing to the BSE.

Allahabad Bank up 3%, gets shareholders nod for QIP

Allahabad Bank will issue and allot 4,45,83,147 equity shares of face value of Rs 10 each at an issue price of Rs 89.72 (including premium of Rs 79.72) per equity share on preferential basis to government.

Jain Irrigation approves to raise of $40 mn via FCCBs

Jain Irrigation board approves preferential issue of 4.97 crore shares at Rs 80 per share to non-promoters to raise Rs 398 crore. The board also approved to raise of USD 40 million via FCCBs and USD 75 million via overseas borrowing, reports CNBC-TV18.

Edserv Soft board to consider pref issue of shares/warrants

Edserv Softsystems board to consider preferential issue of shares/warrants to Promoters/Institution, reports CNBC-TV18. At 09:27 hrs Edserv Softsystems was quoting at Rs 18.85, up Rs 0.40, or 2.17%.