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.
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.