Bajaj Electricals today said it has raised Rs 160.79 crore by issuing shares to qualified institutional buyers.
The issue committee at its meeting held on December 9 had approved the allotment of 20.48 lakh shares, at Rs 785 a piece to qualified institutional buyers (QIB)s, aggregating to Rs 160.79 crore, Bajaj Electricals said in a filing to the Bombay Stock Exchange.
The issue opened on December 7 and closed on December 9, 2009.
Shares of Bajaj Electricals were trading at Rs 797 on the BSE, up 0.70 per cent from its previous close.
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