trending Market Intelligence /marketintelligence/en/news-insights/trending/o84tgBU63v4hdI8x5vpa2Q2 content esgSubNav
Log in to other products

 /


Looking for more?

Contact Us
In This List

Bharat Financial Inclusion closes QIP offer

BLOG

Banking Essentials Newsletter: June Edition

Case Study

กรณีศึกษา A Bank Takes its Project Finance Assessments to a New Level

Blog

Financial Institutions Factor Transition Risk into Climate-Related Stress Testing

Blog

Banking Essentials Newsletter: May Edition, Part-2


Bharat Financial Inclusion closes QIP offer

BharatFinancial Inclusion Ltd. said Sept. 27 that the issue period forits qualified institutional placement offer has closed.

The QIP offer was multiple times oversubscribed. Followingthe placement, Bharat Financial Inclusion expects its net worth to reach 23.56billion Indian rupees from 16.27 billion rupees as of June 30.

The shares were priced at 770 rupees per equity share,higher than the floor price of 769.95 rupees per share.

As of Sept. 28, US$1was equivalent to 66.49 Indian rupees.