Last week, Infrastructure Development Finance Co IDFC completed the largest QIP so far, raising Rs21 billion $519 million that will be used for further aggressive expansion of its businesses. This was more than twice the Rs10 billion $240 million that insurance and healthcare provider Max India raised in June in what was previously ranked as the largest QIP deal.
The potential implication of the increase in QIP sizes is that it may reduce the need for companies to raise...
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