Vijaya Bank To Raise Rs 1000-cr In QIP

Posted By:
Subscribe to GoodReturns
For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

    State-run lender Vijaya Bank today launched a Rs 1,000-crore institutional sale of shares with a floor price of Rs 66.36 per share. 

    The Bengaluru-based bank can offer a discount of up to 5 per cent on the floor price for the qualified institutions placement (QIP) of shares, it said in a regulatory filing.

    Vijaya Bank To Raise Rs 1000-cr In QIP

    The bank board had decided to go for the QIP at its meeting on May 9, for which the shareholders had given their ascent on June 23. The QIP committee today approved the opening of the share sale immediately, it said.

    The bank scrip closed 2.17 per cent up at Rs 70.75 a piece on the BSE today as against a 0.49 per cent gains in the benchmark. 

    Goodreturns.in 

    Read more about: vijaya bank
    Story first published: Tuesday, August 29, 2017, 16:35 [IST]
    Company Search
    Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

    Find IFSC

    We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more