BlackRock, SBI Life among investors in Union Bank QIP

February 21, 2024

State owned Union Bank of India has raised Rs 3000 crore through a qualified institutional placement (QIP) allowing the bank to deepen its capital and also reduce its government holding below the regulatory ceiling of 75%, multiple people aware of the details said. Demand was ten times the amount required as large local and overseas …

Sterling and Wilson Renewable: Sterling and Wilson Renewable plans to raise Rs 1,500 crore equity

September 6, 2023

Mumbai: Shapoorji Pallonji Group-promoted Sterling and Wilson Renewable Energy Ltd (SWREL) is considering an equity share sale to raise up to ₹1,500 crore to repay its debt maturing this financial year, said people aware of the development. One of the options under consideration is placing shares with investors through the qualified institution placement (QIP) route, …