Fixes issue price of Rs 81.70 per equity shareBank of Baroda announced the closure of QIP issue on 02 March 2021. The Capital Raising Committee of the Board of the Bank has approved the issue price of Rs 81.70 per Equity Share (including a
premium of Rs 79.70 per Equity Share), [which is at a discount of 5% (i.e. Rs 4.28 per
Equity Share) to the floor price of Rs 85.98 per Equity Share] for the Equity
Shares to be allotted to the eligible qualified institutional buyers in the Issue.
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IDFC FIRST Bank Ltd to raise Rs. 3000 crore
Posted On: 2021-02-18 09:02:24 (Time Zone: Arizona, USA)
The Board of Directors ( Board ) of IDFC FIRST Bank Limited ( Bank ) at its meeting held today i.e., Thursday, February 18, 2021, noted the significant opportunities for growth of the Bank based on the strong capabilities the Bank has built and the strong outlook for economic recovery in India, and has approved raising of funds for an amount aggregating up to ₹ 3,000 crore (Rupees Three Thousand Crore), in one or more tranches, on such terms and conditions as it may deem fit, by way of issuance of Securities, through one or more permissible mode(s), including but not limited to a Private Placement, Qualified Institutions Placement, Follow-on Public Offering or a combination thereof, subject to shareholders approval through a Postal Ballot process and regulatory and other approvals, as may be required under applicable law.