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₹7,500 cr via QIP

India city Mumbai covid-19 outbreak crisis
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QIP is a tool used by listed companies to sell shares or other securities, which are convertible into stocks, to qualified institutional buyers such as mutual funds MUMBAI : Kotak Mahindra Bank on Tuesday launched its qualified institutional placement (QIP) offering to raise up to ₹7,500 crore.

QIP is a tool used by listed companies to sell shares or other securities, which are convertible into stocks, to qualified institutional buyers such as mutual funds.

This is the first QIP since Avenue Supermarts Ltd, which runs supermarket chain DMart, raised ₹4,098 crore in February. The bank said that it has set a floor price of ₹1,147.75 per share for the offering.

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United Kingdom
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Deaths: 141 607
Recovered: 0
Russia
Russia
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Deaths: 237 619
Recovered: 0
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