LG walking Hyundai path, hires another banker for $1.5 billion IPO
LG Electronics Inc. has added Axis Capital Ltd. to a roster of banks arranging a potential initial public offering of its Indian unit, according to people familiar with the matter. The South Korean company has selected the Indian bank as it moves forward with a share sale in Mumbai, the people said, asking not to…
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Zomato shares dip 5% amid fundraise plans via QIP
Shares of the food delivery giant Zomato today fell by 5.4% to their low of Rs 256 on BSE after the company’s board announced a meeting on October 22 to consider the plans to raise funds by issuance of equity shares by way of qualified institutions placement (QIP). The company announced QIP after market hours…
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Adani Enterprises set to raise up to $2 billion through a QIP next week
Mumbai: Adani Enterprises is likely to raise up to $2 billion through a qualified institutional placement (QIP) by the middle of next week, sources aware of the development said. Meanwhile, the Adani Group along with Wilmar will also launch the sale of around a 13% stake in Adani Wilmar by the end of this month…
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Bank of Maharashtra shares in focus as it launches QIP to raise Rs 3,500 crore
Public sector lender Bank of Maharashtra shares are in focus on Tuesday after the bank launched a qualified institutional placement (QIP) to raise up to Rs 3,500 crore. The bank set a floor price of Rs 60.37 per share, slightly above Monday’s closing price of Rs 59.8. The bank may offer up to a 5%…
READ MORESattva Group to invest Rs 12,000-14,000 crore in diversification over next three years
Real estate developer Sattva Group plans to invest Rs 12,000-14,000 crore in the next two-three years to diversify its portfolio and explore new markets. The company is also considering options such as fundraising and entering into platform deals across segments to fuel its growth, said its managing director Bijay Agarwal.βThe funding for the initiative will…
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