Speaking to CNBC-TV18, Manisha Girotra of Moelis India said that India urgently needs capital and restructuring of stressed assets should be undertaken through any means possible.
Government owned Central Bank of India on June 8 said it proposes to raise up to Rs 3,000 crore from the public, including the rights issue
"Board of directors of the company, on March 23, will consider proposal for raising of funds by way of issue of equity shares including convertible bonds / debentures through qualified institutional placements (QIP) or depository receipts or any other modes," says the Ahmedabad-based pharma company in its filing.
The infusion, raised through Qualified Institutional Placements (QIP), is aimed at retiring a substantial portion of debts supporting operational expenses to attract the right talent and enhancing marketing efforts in global markets.
In the first six months of 2014-15, funds were garnered through as many as 20 issuance (19 QIPs and 1 IPP) as compared to 13 (3 QIPs and 10 IPPs) in the April-September period of the preceding fiscal.
Hitesh Oberoi, CEO and MD, Info Edge says the company keeps scouting the market for acquisitions all the time considering real estate – the online space – is such a hot sector. According to him, real estate will be a good sector for the medium term, even if it means clocking losses in the short term.
State Bank of India (SBI) will be in focus today as it has launched its qualified institutional placements (QIP) book last night. Nimesh Shah of CNBC-TV18 gives us more update.
According to Venkat Ramaswamy of Edelweiss Financial Services, the success of the MCX IPO will give a fillip to primary markets and will help revive demand in the segment.
Prithvi Haldea, chairman and managing director of Prime Database doesn’t expect any mega initial public offering (IPO) in H1CY12. According to him, the major investor interest in real estate and power IPOs is lacking. However, the secondary markets must stabilise to restore confidence, he stated.
The private sector lender ING Vysya on Thursday raised Rs 1,000 crore through qualified institutional placements (QIP) and preferential allotment of shares to the promoters.
CRISIL Equities has come out with its report on Qualified Institutional Placements (QIPs) and revealed that two-thirds (66%) of QIPs in 2010 have given negative returns, with 33 out of the 50 QIPs trading below their offer prices.