It's the first quota to be granted to the US under the so-called Renminbi Qualified Institutional Investor
program, and the largest one given to a single jurisdiction after Hong Kong.
Earlier in the week, Emaar Properties said it's qualified institutional investor
portion was fully subscribed, indicating robust appetite.
The relaxation in overseas investment norms for individual investors is aimed at making the qualified institutional investor
( QFI) schemes more attractive to potential investors and enhance flow of foreign capital into India, the finance ministry said.
In addition, at any time after a person or group acquires 15% or more, or in the case of a qualified institutional investor
, 20% or more, of the company's outstanding common stock (unless such person or group acquires 50% or more), or commences a tender offer for 15% or more of the company's common stock, J Alexander's' board may exchange one share of the company's common stock for each outstanding right (other than rights owned by such person or group, which would have become void).
Through AREIA, we were able to identify several qualified institutional investors
to participate in the fund, including from among the Bank's regional financial institution customers.
It has been proposed that 25 per cent of pre-issue capital for at least two years should be with qualified institutional investors
, a family trust with networth of at least Rs 500 crore, well-regulated foreign investors and a new class of 'accredited investors'.
The shares are offered in two tranches consisting of: (i) a retail offering of 29.52 million shares to individual investors, representing 10 percent of the offering (the Retail Offering), (ii) a private offering of 265.65 million shares to qualified institutional investors
, representing 90 percent of the offering (the Institutional Offering).
This bond issue will be directed to Swedish and international qualified institutional investors
Summary: Qualified institutional investors
pick up 50% meant for them but retail subscription flounders at just 4%
In May, the bank raised INR1.275bn through sale of shares to qualified institutional investors
. The bank had approved the allotment of over 54.9 million shares to qualified institutional buyers at an issue price of INR23.22 per share, it said.