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Vijaya Bank raises Rs 700 crore via QIP

04 Sep 2017 Evaluate

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.

Peers
Company Name CMP
State Bank Of India 1087.50
PNB 143.20
Bank Of Baroda 275.60
Canara Bank 132.90
Union Bank Of India 204.00
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