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QIP Fundraising Hits 5-year High, SBI’s Rs 20,000 Crore Issue Receives 4 Times Bids | Economy News

Raavov7 hours ago03 mins

New Delhi: Qualified institutional placements (QIPs) witnessed a resilient growth in July so far, led by State Bank of India’s (SBI) recent fundraise, taking the total QIP fundraising to a five-year high of over Rs 30,000 crore. QIPs are a way for listed companies to raise capital without having to submit legal paperwork to market…

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QIP Fundraising Hits 5-year High, SBI’s Rs 20,000 Crore Issue Receives 4 Times Bids | Economy News