India: ICICI, HDFC, Axis Bank raise nearly  $4.7b  via QIP

India: ICICI, HDFC, Axis Bank raise nearly  $4.7b  via QIP

Photo: Vivek Prakash/ Bloomberg

Indian private sector lenders ICICI Bank, Axis Bank and Housing Development Finance Corp Ltd (HDFC) have raised nearly 35,000 crore from institutional investors using the qualified institutional placement (QIP) route over the past one week, indicating that investors continue to be bullish on financial services majors.

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