IDBI Bank to raise Rs 1,200-cr fresh capital via QIP

THE ECONOMIC TIMES Sun, Nov 17, 2013 | 10:00 AM IST IPO Newsletter

IDBI Bank to raise Rs 1,200-cr fresh capital via QIP IDBI Bank to raise Rs 1,200-cr fresh capital via QIP The bank needs an additional Rs 3,000 cr this fiscal, of which Rs 1,800 cr will come from the govt and the rest will have to be raised via QIP route. Andhra Bank plans FPO; to raise Rs 200 cr from Govt Andhra Bank plans FPO; to raise Rs 200 cr from Govt The bank proposes to raise Rs 200 crore of funds from the govt via preferential allotment route at an offer price to be determined under SEBI norms. Gillette India promoters' OFS fully subscribed Gillette India promoters' OFS fully subscribed The share-sale follows a prolonged regulatory battle between Gillette India's promoters and the Securities and Exchange Board of India (Sebi). CCEA likely to take up Power Grid FPO tomorrow CCEA likely to take up Power Grid FPO tomorrow The follow-on public offering will comprise 13 per cent fresh equity by the public sector company and 4 per cent stake sale by the central government. Allahabad Bank plans to raise Rs 320 crore in QIP Allahabad Bank plans to raise Rs 320 crore in QIP State-run Allahabad Bank said it will raise Rs 320 crore of equity in qualified institutional placement (QIP), but is in no hurry to do so.

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