Venture Intelligence (TSJ Media Pvt. Ltd.)
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AU Small Finance Bank raises Rs.2,000-Cr via QIP
Jaipur-based AU Small Finance Bank has raised INR 2,000 crore from qualified institutional investors against the targeted INR 2,500 crore. The qualified institutional placement (QIP) witnessed the participation of DSP, GIC (the investment unit of the Singapore government), Goldman Sachs and ICICI Prudential Life, among others. The firm allotted 3,44,82,758 equity shares to the eligible qualified institutional buyers (QIBs) at an issue price of INR 580 per piece, aggregating to INR 19,99,99,99,640. It had set the floor price for the QIP at INR 590.84 per share. DSP Tax Saver Fund has been offered the highest number of shares at 41,75,344 (12.11 %) followed by the Government of Singapore (11.31 %), Small Cap World Fund Inc. (10.46 %) and New World Fund Inc (9.19 %). ICICI Prudential Life Insurance Company, Government Pension Fund Global and Gold Sachs Funds were offered 5.95 % each under the QIP.
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Venture Intelligence (TSJ Media Pvt. Ltd.)
1, Maharani Chinnamba Road; Alwarpet; Chennai - 600018. India.