Vijaya Bank has raised Rs 700 crore by completing the qualified institutional placement (QIP) successfully. The allocation of 11.10 crore equity shares was done across a diverse set of investors at Rs 63.05 per share. The QIP was launched on August 28 for the issue size of Rs 450 crore with a greenshoe option of Rs 250 crore.
With the fresh augmentation of common equity tier I capital of Rs 700 crore, the bank will have a comfortable CRAR of 13.48 per cent.