board approved the qualified institutional placement (QIP) and fixed floor price at ₹811.05 per share on Wednesday, July 16. The floor price represents nearly a 2.5% discount from the current price of a share. The bank has also authorised opening of the issue on Wednesday. The issue price will be determined by the bank in consultation with the book-running lead managers appointed for the issue, the PSU lender further stated Please note that the information shared is intended solely for informational purposes and does not make any investment recommendations.

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