State-owned Punjab National Bank (PNB) on Monday launched a qualified institutional placement (QIP) to raise up to Rs 5,000 crore at an indicative price of Rs 103.75 per share. According to bankers, the base deal size is Rs 2,500 crore, with the potential to be upsized to Rs 5,000 crore depending on demand. The bank…
The Centre is preparing to launch an Offer for Sale (OFS) for 59.5 million shares in General Insurance Corp (GIC), a reinsurance company. The OFS will trim the government’s stake in GIC by up to 6.78%, reducing its current holding from 85.78% to 79%. The issuance will come with an additional green shoe option for…
Global private equity firm General Atlantic Singapore is likely to sell up to 6.8% equity in KFin Technologies at an estimated floor price of Rs 712.5 per share, which is a 4% discount. The total deal size, including the green shoe option, is 1.17 crore, moneycontrol.com reported, citing CNBC TV18. The base issue size is…