SpiceJet's Rs 3,000-crore qualified institutional placement has garnered strong investor interest, being oversubscribed by key players such as Tata Mutual Fund and Discovery Fund. The raised funds ...
SpiceJet to use QIP proceeds for payment of statutory dues, outstanding liabilities, fleet expansion
Cash-strapped SpiceJet Airlines, which is looking to raise up to Rs 3,000 crore through a Qualified Institutional Placement (QIP), plans to use most of the funds for settlement or payment of ...
In 2024 so far, 58 listed companies have raised around Rs 64,924 crore through QIPs -- the highest since 2020 when 25 firms raised around Rs 80,816 crore The ongoing optimism in the secondary ...
This QIP permits them to raise capital by issuing new shares to institutional investors such as banks and mutual funds. The government, IREDA’s largest stakeholder, plans to reduce its position ...
The QIP floor price, which is 2.6 per cent less than Monday's closing price, has been set at Rs 188.85. The company's shares were trading on the NSE for Rs 192.70 a share, 0.54 per cent lower at ...
The money will be raised through the QIP route, which is a measure through which companies can raise capital by selling shares or other securities to qualified institutional buyers.
Through the QIP, the struggling carrier is aiming to raise funds by selling shares to eligible institutional participants. ICICI and Indian Bank are yet to give consent for the QIP whereas Yes Bank ...
The Union government approved on Wednesday a proposal to raise funds via share sale to institutional investors of up to 7% equity in Indian Renewable Energy Development Agency Ltd. The Department of ...
The Indian Renewable Energy Development Agency (IREDA) has received approval from the Union government to raise funds by selling fresh equity through qualified institutions placement (QIP). This QIP ...
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