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Vijaya Bank launches QIP to raise Rs 1,000 crore

29 Aug 2017 Evaluate

Vijaya Bank has launched Rs 1,000 crore institutional sale of shares with a floor price of Rs 66.36 per share. The Bengaluru-based bank can offer a discount of up to 5 percent on the floor price for the qualified institutions' placement (QIP) of shares.

The bank board had decided to go for the QIP at its meeting on May 9, for which the shareholders had given their ascent on June 23.

Peers
Company Name CMP
State Bank Of India 1087.85
PNB 143.20
Bank Of Baroda 275.55
Canara Bank 133.05
Union Bank Of India 203.95
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