Realty firm Orbit Corp today said it has raised Rs 145.04 crore through the issue of shares to qualified institutional buyers (QIB) on a private placement basis.

The board has approved the issue price of Rs 185 a piece for the allotment of over 78.40 lakh shares to the institutional buyers, Orbit Corp said in statement to the Bombay Stock Exchange (BSE).

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The bid, which opened on August 12, closed today, Orbit said.     

Shares of Orbit Corp fell 5 per cent from its previous close to hit its lower trading limit of Rs 189.10 on the BSE.

New Ipad Application :Business Standard's all new IPad App Click here to download for free Other Stories      - Markets end lower ahead of May F&O expiry - Parsvnath posts Rs 23 cr loss in Q4 - Educomp net down 57% at Rs 61 cr in Jan-Mar qtr - DLF Q4 net plunges 39% to Rs 211 cr - Provogue Q4 net profit down 71% at Rs 1.81 cr

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