ING Vysya’s qualified institutional placement (QIP) issue opened today with an issue price of Rs 248 per share. On September 4, the shareholders approved the issue of 13.3 million shares to the qualified institutional buyers..Amarchand Mangaldas’ Bangalore office has advised the QIP. Dorsey & Whitney, London, advised the issue in respect of selling restrictions..Luthra previously acted as advisors to ING’s QIP in 2007. Luthra confirmed that they had decided not to take up the mandate for this round of QIP, but refused to disclose reasons.
ING Vysya’s qualified institutional placement (QIP) issue opened today with an issue price of Rs 248 per share. On September 4, the shareholders approved the issue of 13.3 million shares to the qualified institutional buyers..Amarchand Mangaldas’ Bangalore office has advised the QIP. Dorsey & Whitney, London, advised the issue in respect of selling restrictions..Luthra previously acted as advisors to ING’s QIP in 2007. Luthra confirmed that they had decided not to take up the mandate for this round of QIP, but refused to disclose reasons.