Bharti Airtel said that the company has raised $2 billion through the QIP route; which saw participation by highly reputed global and Indian investors. The company accordingly will issue 323,595,505 equity shares of face value of Rs 5 per equity share at a price of Rs 445 which implies a discount of 1.57% on the SEBI determined floor price of Rs 452.09 per equity share. Post the QIP issue, the holding of promoter and promoter group will be 58.98% as against 62.70%.

Indian Oil Corporation said the company has issued 20,000 unsecured, rated, taxable, redeemable, non-convertible debentures (series-XV) of Rs 10,00,000 each aggregating to Rs 2,000 crore on private placement basis on 14 January 2020 to meet its capex requirements.

Asian Paints informed that Competition Commission of India, (CCI) has passed a prima facie order dated 14 January 2020, directing the Director General to cause an investigation against the company, basis information received from JSW Paints. Asian Paints said it is currently examining the order and will take appropriate legal recourse and will extend full co-operation to CCI in the matter.

Torrent Pharmaceuticals said meeting of the board of directors will be held on 27 January 2020 to consider taking enabling resolutions for raising of funds by issue of Equity Shares including Convertible Bonds / Debentures through Qualified Institutional Placement (QIP) and / or Depository Receipts or any other modes, The company will also consider payment of interim dividend for FY 2019-20 and nine on the results on the same day.

Kotak Mahindra Bank said that Kotak Mahindra Prime, a wholly owned subsidiary of the bank has executed a share purchase agreement, for sale of its entire equity stake of 5.56% in Equifax Credit Information Services. The transaction is likely to be completed in Q4 of 2020.

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