Skip to main content

ICICI QIP | Singapore central bank largest investor, nets 11% of Rs 15,000 crore issue

 The Monetary Authority of Singapore, Morgan Stanley Investment Management and French bank Societe Generale were the top three investors

 

The Monetary Authority of Singapore - the city-state’s central bank - is the largest investor in ICICI Bank’s qualified institutional placement (QIP) issue, which concluded on August 15.

The Monetary Authority of Singapore picked up 4.6 crore shares for Rs 1,662 crore – more than 11 percent of the Rs 15,000 crore QIP issue, The Times of India reported.

The second-largest investor is Morgan Stanley Investment Management, which put in Rs 1,086 crore and French bank Societe Generale which invested Rs 832 crore (2.3 crore shares), it added.


ICICI Bank on August 15 said it had completed the allotment of equity shares through QIP, and raised close to Rs 15,000 crore (~$2 billion). The private lender issued 418,994,413 equity shares at an issue price of Rs 358 apiece, the bank informed the exchanges.

“The proceeds of the issue will be used towards strengthening the capital adequacy ratio of the bank, improving the bank’s competitive positioning and/or general corporate requirements or any other purposes as may be permissible under the applicable law and approved by the Board of Directors of the bank or its duly constituted committee,” the statement read.

This is not an uncommon move from Singapore, which through its central bank and investment arm GIC has gone big on the Indian capital markets and last invested Rs 900 crore in Zee Entertainment (ZEEL).

Indian private lenders have so far raised over Rs 50,000 crore through equity issues amid the COVID-19 pandemic.

Labels:

Comments

Post a Comment

Popular posts from this blog

Ashoka Buildcon share price up 4% on bagging 2 NHAI projects

The share touched its 52-week high Rs 127.90 and 52-week low Rs 37.00 on 23 September, 2019 and 03 April, 2020, respectively. Ashoka Buildcon share price added over 4 percent in early trade on September 8 after the company emerged as the lowest bidder (L-1) for the two NHAI projects. The aggregate quoted value of the projects is Rs 1,390 crore. The company had submitted bids to National Highway Authority of India (NHAI) for the project of four laning of Arra h to Pararia section of NH-319(Old NH-30) in the State of Bihar under Bharatmala pariyojana Phase -1 on EPC Mode (Package-I) and Four laning of Pararia to Mohania section of NH-319(Old NH-30) in Bihar under Bharatmala Pariyojana Phase-I on EPC Mode (Package II). At 09:23 hrs Ashoka Buildcon was quoting at Rs 70.60, up Rs 2.40, or 3.52 percent on the BSE. The share touched its 52-week high Rs 127.90 and 52-week low Rs 37.00 on 23 September, 2019 and 03 April, 2020, respectively. Currently, it is trading 44.8 percen...
Post a Comment
Read more

Reliance Jio Q3 results: Profit grows to Rs 3,489 crore; ARPU rises to Rs 151

  The average revenue per user (ARPU) during the quarter came at Rs 151 per subscriber per month as against Rs 145 per subscriber per month in the September quarter. Reliance Jio, the telecommunications arm of Jio Platforms, on January 22 posted a net profit of Rs 3,489 crore for the quarter ended December 31, 2020. The profit was higher than the street expectations as analysts in a CNBC-TV18 poll had estimated the number at Rs 3,200 crore. Jio's net profit grew 15.5 percent QoQ as in the September quarter of FY21, its profit was Rs 3,020 crore. The average revenue per user (ARPU) during the quarter came at Rs 151 per subscriber per month as against Rs 145 per subscriber per month in the September quarter. A CNBC-TV18 poll had estimated ARPU at Rs 148.2. Revenue, including access revenues for the quarter, was Rs 22,858 crore ($3.1 billion), up 5.3 percent QoQ. A CNBC-TV18 poll had estimated revenue to the tune of Rs 18,165 crore. EBITDA for the quarter stood at Rs 8,483 crore ...
Post a Comment
Read more

US investors' rights law firm announces probe against HDFC Bank

  The investigation is reportedly resulting from allegations that HDFC Bank may have issued materially misleading business information to the investing public.   American Law firm, Rosen Law, has announced an investigation of potential securities claims on behalf of shareholders of HDFC Bank. The firm is also preparing for a class action suit on behalf of bank’s shareholders. The investigation is reportedly resulting from allegations that HDFC Bank may have issued materially misleading business information to the investing public. Rosen Law, on its website, asked investors to provide their details if they have purchased HDFC Bank Limited securities and would like to receive information about the investigation concerning the class action to recover the investor losses in HDFC Bank Limited securities. “A representative of The Rosen Law Firm will contact you at no cost to you and provide you detailed information concerning the proposed class action to rec...
Post a Comment
Read more