ING Vysya Bank is planning to mop up Rs 899 crore under tier-I capital through issue of qualified institutional placement (QIP). The bank has fixed a floor price of Rs 624.55 per equity share and will issue 14.39 million equity shares with a face value of Rs 10 each to qualified institutional buyers on Wednesday.
Early this year, the bank had said it planned to raise up to Rs 2,000 crore to shore up its capital base and that it would raise the amount through a preferential issue to the promoters, along with a QIP.
The bank’s net profit for the quarter ended March 31, 2013 has surged by 33.68% at Rs 170.30 crore for the quarter as compared to Rs 127.39 crore for the quarter ended March 31, 2012. The bank has a capital adequacy ratio of 13.2 per cent.
| Company Name | CMP |
|---|---|
| HDFC Bank | 774.60 |
| ICICI Bank | 1256.60 |
| Axis Bank | 1257.95 |
| Kotak Mahindra Bank | 368.75 |
| Indusind Bank | 921.00 |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: