Satin Creditcare Network Limited (SCNL), a prominent microfinance institution in India, has announced the successful completion of its Qualified Institutional Placement (QIP). Launched on 14th December 2023, the issue garnered substantial interest from top institutional investors, including ICICI Prudential Life Insurance Company Ltd., Bandhan Mutual Fund, and Bajaj Allianz Life Insurance Company Ltd., leading to […]
Tamilnad Mercantile Bank said that it has entered into a tie-up with Bajaj Allianz Life Insurance Company for launching the marketing of life insurance products. The launch is part of the scheduled commercial bank’s efforts to offer customer-centric choices in all products. S Krishnan — Tamilnad Mercantile Bank MD and CEO said: “On getting listed […]
Bank of India said that it has raised INR 2,550 crores by issuing over 40.5 crore shares to qualified institutional buyers in a qualified institutions placement (QIP). The issue price of the shares in the QIP was INR 62.89 per share. The QIP had opened on 25 August and had closed on 30 August 2021. […]