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Bharat Financial gains after QIP issue opens

The stock up 7% to Rs 868 after the company said that its QIP issue opened on Thursday, September 22, 2016.

has moved higher by 7% to Rs 868 on the BSE in noon deal after the company announced that its qualified institutional placement (QIP) issue opened for subscription on Thursday, September 22, 2016.

“The meeting of the capital raising committee of the board of directors will be held on September 27, 2016 to consider and approve the issue price for QIP,” said in a statement.

The floor price of offer has been set at Rs 769.95 per equity share. The company may at its discretion offer a discount of up to 5% on the floor price in the offer, it added.  The company is expected to raise Rs 750 crore.

At 02:33 pm, the stock was up 5% at Rs 850 on the BSE, as compared to 0.12% rise in the S&P BSE Sensex. The trading volumes on the counter jumped more than five-fold with a combined 6.28 million shares changed hands on the BSE and NSE so far.
 

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Business Standard
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Business Standard

Bharat Financial gains after QIP issue opens

The stock up 7% to Rs 868 after the company said that its QIP issue opened on Thursday, September 22, 2016.

SI Reporter  |  Mumbai 

Currency, bonds: Rupee beats global storm

has moved higher by 7% to Rs 868 on the BSE in noon deal after the company announced that its qualified institutional placement (QIP) issue opened for subscription on Thursday, September 22, 2016.

“The meeting of the capital raising committee of the board of directors will be held on September 27, 2016 to consider and approve the issue price for QIP,” said in a statement.


The floor price of offer has been set at Rs 769.95 per equity share. The company may at its discretion offer a discount of up to 5% on the floor price in the offer, it added.  The company is expected to raise Rs 750 crore.

At 02:33 pm, the stock was up 5% at Rs 850 on the BSE, as compared to 0.12% rise in the S&P BSE Sensex. The trading volumes on the counter jumped more than five-fold with a combined 6.28 million shares changed hands on the BSE and NSE so far.
 

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Bharat Financial gains after QIP issue opens

The stock up 7% to Rs 868 after the company said that its QIP issue opened on Thursday, September 22, 2016.

The stock up 7% to Rs 868 after the company said that its QIP issue opened on Thursday, September 22, 2016.
has moved higher by 7% to Rs 868 on the BSE in noon deal after the company announced that its qualified institutional placement (QIP) issue opened for subscription on Thursday, September 22, 2016.

“The meeting of the capital raising committee of the board of directors will be held on September 27, 2016 to consider and approve the issue price for QIP,” said in a statement.

The floor price of offer has been set at Rs 769.95 per equity share. The company may at its discretion offer a discount of up to 5% on the floor price in the offer, it added.  The company is expected to raise Rs 750 crore.

At 02:33 pm, the stock was up 5% at Rs 850 on the BSE, as compared to 0.12% rise in the S&P BSE Sensex. The trading volumes on the counter jumped more than five-fold with a combined 6.28 million shares changed hands on the BSE and NSE so far.
 

image
Business Standard
177 22

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