Himatsingka Seide Limited has successfully concluded a ₹400 crore Qualified Institutional Placement (QIP), enhancing its financial strength and strategic growth. The company plans to use the funds primarily to repay outstanding debt, ensuring a stronger balance sheet and long-term growth. The offering witnessed overwhelming interest from leading investors, leading to oversubscription. The Executive Vice Chairman […]
Hi-Tech Pipes Limited has formally announced the successful completion of its Qualified Institutional Placement (QIP), valued at INR 5,000 million. The QIP significantly exceeded expectations, with an oversubscription driven by strong investor interest. The offering, which commenced on October 7, 2024, and closed on October 11, garnered bids amounting to over INR 8,000 million, underscoring […]
SpiceJet’s recent Rs 3,000-crore fundraise has been approved by its shareholders, signaling a bold attempt to revive the airline amid a severe financial crisis. With the aim of stabilising its faltering operations, the airline plans to raise capital through various methods, including a Qualified Institutional Placement. This comes as SpiceJet battles legal disputes, grounded aircraft, […]
Vedanta Limited’s shares have captured significant attention in the stock market after ICRA, one of India’s leading credit rating agencies, upgraded its long-term credit rating from AA- to AA. The upgrade reflects an anticipated improvement in Vedanta’s credit profile and financial stability, fueled by aggressive fundraising and strategic deleveraging efforts. Following the upgrade, Vedanta shares […]
Zen Technologies Limited, a prominent figure in the defence technology sector, has successfully raised ₹1,000 crores through its inaugural Qualified Institutional Placement (QIP), marking a significant milestone in the company’s journey toward expanding its market presence and technological capabilities. This pivotal financial achievement not only reflects the company’s strong strategic vision but also underscores the […]
Cello World Limited, a key player in India’s consumerware sector, has unveiled its unaudited financial results for the quarter ended 30 June 2024. The company, which operates in various segments including consumer houseware, writing instruments, stationery, moulded furniture, and consumer glassware, has demonstrated robust growth in several key financial metrics. Revenue and Profit Performance For […]
Pitti Engineering, a leading engineering company in India, has successfully raised ₹35,999.99 lakhs through a Qualified Institutions Placement (QIP). This strategic fundraising was initiated on July 8, 2024, and concluded on July 11, 2024, following the Fund Raising Committee’s approval to allot 34,14,749 equity shares to qualified institutional buyers at a price of ₹1,054.25 per […]
In a significant financial move, Karnataka Bank has successfully completed an equity share capital allotment amounting to ₹600 crores through a Qualified Institutional Placement (QIP). This strategic financial maneuver, approved by the Committee of Directors of Karnataka Bank on the day of announcement, underscores the bank’s ongoing commitment to fortifying its capital base to support […]