Wockhardt shares tumble 5% after launching QIP at 8% discount
Shares of Wockhardt today fell by 5% to their low of Rs 1,207.15 on the BSE after the company on Wednesday announced that it had launched a qualified institutional placement (QIP) at a floor price of Rs 1,162.25. The floor price indicates a steep discount of 8.5% over the stock’s closing price on Wednesday. “We…
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Stock to Watch: Adani Enterprises shares in spotlight after raising Rs 4,200 crore via QIP
Shares of Adani Enterprises are expected to remain in focus on Friday after the company successfully raised Rs 4,200 crore in a share sale to investors via a qualified institutional placement (QIP). The company has allocated 1.41 crore shares at an issue price of Rs 2,962 each. The transaction, which was initiated after market hours…
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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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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%…
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Reliance Infrastructure shares rally 12% to 52-week high on shareholders’ nod for Rs 3,000 crore QIP
Shares of Reliance Infrastructure today rallied 12.4% to its new 52-week high of Rs 320 on BSE after the company’s board approved raising of Rs 3,014 crore by preferential issue of up to 12.56 crore shares and convertible warrants at a price of Rs 240 apiece. “We hereby inform you that the Board of Directors…
READ MOREPrestige Estates to use Rs 5k-cr QIP raise to pare debt, acquire assets, says CMD Irfan Razack
Bengaluru: Real estate developer Prestige Estates Projects plans to use the Rs 5,000 crore it raised through qualified institutional placement (QIP) to primarily reduce debt and acquire assets to expand its portfolios nationwide.“We plan to allocate approximately Rs 1,500 crore towards debt reduction (and) Rs 1,750 crore for land acquisition,” Irfan Razack, chairman and managing…
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