State-owned Bank of Baroda has raised Rs 4,500 crore equity capital through qualified institutional placement (QIP). The capital raising committee of the board on Wednesday approved the issue and allotment of 55,07,95,593 equity shares to eligible qualified institutional buyers at issue price of Rs 81.70 per share against the floor price of Rs 85.98 apiece, aggregating to Rs 4499,99,99,948.10, the bank said in a regulatory filing. The issue had opened on February 25, 2021 and closed on Tuesday. The committee in its meeting last week had approved raising up to Rs 4,500 crore through an issue of equity shares through QIP. The lender said total seven buyers were allotted more than five per cent of the equity shares offered in the issue.
NEW DELHI: State-owned
Bank of Baroda has raised Rs 4,500 crore equity capital through qualified institutional placement (QIP). The capital raising committee of the board on Wednesday approved the issue and allotment of 55,07,95,593 equity shares to eligible qualified institutional buyers at issue price of Rs 81.70 per share against the floor price of Rs 85.98 apiece, aggregating to Rs 4499,99,99,948.10, the bank said in a regulatory filing.
The issue had opened on February 25, 2021 and closed on Tuesday.
The committee in its meeting last week had approved raising up to Rs 4,500 crore through an issue of equity shares through QIP.
The lender said total seven buyers were allotted more than five per cent of the equity shares offered in the issue.
ICICI Prudential Business Cycle new fund offer review: Should you invest?
ICICI Prudential Business Cycle Fund will select a set of sectors first based on its reading of the economy and pick companies within those segments January 12, 2021 / 09:14 AM IST
As with many in the investment world, ICICI Prudential Mutual Fund believes that an economic recovery is around the corner. And as if to reiterate its confidence in the revival, it has rolled out a new ICICI Prudential Business Cycle Fund (IPBCF). The fund’s NFO closes today, January 12, though it is an open-ended fund. Should you invest in it?
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How mutual funds offer flexibility of playing investment themes
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Last Updated: Jan 10, 2021, 02:17 PM IST
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At the end of the day, the bet may or may not play out, depending on how the sector or theme performs.
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ICICI Prudential MF has launched ICICI Prudential Business Cycle Fund, an open-ended scheme that aims to identify and invest in opportunities across sectors, themes, and m-caps, based on the prevailing business cycle. The fund will employ a top-down approach using macro indicators such as inflation, growth, and deficit, and scout for opportunities in the Nifty 500 universe. The NFO closes on January 12. “Most of the events that have a marked impact on the markets cannot be predicted. What we do is to keep looking at the business cycle, understand where we are placed in terms of that cycle to make an investment call,” said S Naren, ED and CIO of ICICI Prudential MF.