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Qualified Institutional Placement

Torrent Power: Torrent Power raises Rs 3,500 crore in maiden QIP

by Mark McDuffie
Torrent Power: Torrent Power raises Rs 3,500 crore in maiden QIP

Mumbai: Torrent Power, one of the largest private utility companies in the country, has raised ₹3,500 crore through qualified institutional placement (QIP), the company said on Monday. This is the …

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Torrent Power’s QIP opens today. Co sets floor price at Rs 1,555.75

by Mark McDuffie
Torrent Power’s QIP opens today. Co sets floor price at Rs 1,555.75

Torrent Power on Monday announced opening of its qualified institutional placement (QIP) issue and the company has set the floor price at Rs 1555.75 per equity share. The issue price …

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Zomato shareholders approve Rs 8,500 crore QIP plan

by Mark McDuffie
Zomato shareholders approve Rs 8,500 crore QIP plan

New Delhi: Shareholders of food and grocery delivery firm Zomato have cleared its plan to raise Rs 8,500 crore via a qualified institutional placement (QIP), the company said on Saturday …

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varun beverages shares: Varun Beverages shares slide over 3% after raising Rs 7,500 crore via QIP

by Mark McDuffie
varun beverages shares: Varun Beverages shares slide over 3% after raising Rs 7,500 crore via QIP

Shares of Pepsi’s bottling partner Varun Beverages today fell by 3.4% to their day’s low of Rs 610 on the BSE after the company announced that it has closed its …

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Adani Enterprises shares rise over 3% after Q2 profit skyrockets 664% YoY to Rs 1,742 crore

by Mark McDuffie
Adani Enterprises shares rise over 3% after Q2 profit skyrockets 664% YoY to Rs 1,742 crore

Gautam Adani-led Adani Enterprises shares rose 3.2% to Rs 2,935 in Wednesday trade on BSE after the firm reported a 664% year-on-year (YoY) jump in its September quarter consolidated net …

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