Bank of Baroda rose 3.37% to Rs 86 after the state-run lender said it has closed the qualified institutional placement (QIP) issue, which was conducted to raise up to Rs 4,500 crore.
The capital raising committee has approved the closure of the QIP issue on 2 March 2021 pursuant to the receipt of application forms and the funds in the escrow account from eligible qualified institutional buyers. The issue opened on 25 February 2021.
Last week, the committee had approved raising upto Rs 4,500 crore through an issue of equity shares through QIP route.
The committee approved the issue price of Rs 81.70 per equity share (including a premium of Rs 79.70), which is at a discount of 5% (Rs 4.28 per equity share) to the floor price of Rs 85.98 apiece, Bank of Baroda (BoB) said in a regulatory filing on Tuesday.
Wipro has joined the Partnering for
Racial Justice in Business initiative launched by the World Economic Forum to promote a culture
of diversity, inclusion, equity and justice for people of all racial backgrounds in the workplace.
The initiative is aimed towards driving action and accountability for companies to confront racism
at a systemic level, set new global standards for racial justice in business and accomplish
necessary policy changes for inclusion and advancement of professionals with under-represented
racial and ethnic identities.
Powered by Capital Market - Live News
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)
By IDC MarketScapeHCL Technologies announced that it has been recognized as a leader in the IDC MarketScape: Canadian Cloud Professional Services 2021 Vendor Assessment (doc #CA46215320, January 2021). HCL
was recognized for its strategy for cloud professional services driven by its robust delivery model,
functionality, and innovation
Powered by Capital Market - Live News
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.) Dear Reader,
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credib
DigiSpice Technologies has allotted 4,60,514 equity shares under ESOP.
Consequently, the
paid-up equity share capital of the Company has increased from Rs. 68,37,06,195/- (divided into
22, 9,02,065 fully paid-up equity shares of Rs. 3/- each) to Rs. 68,50,87,737 /- (divided into
22, 3,62,579 fully paid-up equity shares of Rs. 3 /- each)
Powered by Capital Market - Live News
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.) Dear Reader,
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with c
Subex surged 8.93% to Rs 29.90 after the company said it has become a member of the O-RAN Alliance to support the development and standardisation of Open RAN (radio access networks).
With its expertise in advanced network analytics based on machine learning, Subex has joined the alliance to help drive innovation in the radio access network domain - ultimately facilitating Open RAN that leverages embedded artificial intelligence (AI) to maximise network performance.
The O-RAN Alliance was founded in February 2018 by AT&T, China Mobile, Deutsche Telekom, NTT DOCOMO, and Orange, and has since become a global community of mobile network operators, vendors, and research and academic institutions operating in the RAN industry.