 "HSIL dips on fixing QIP price")
Shares of HSIL has dipped 3% to Rs 428 after the company said its board approved to issue equity shares to qualified institutional buyers (QIB) at a discount against floor price.
“The board approved the issue price of Rs 400 per equity share, which is at a discount of Rs 12.53 per share, to the floor price of Rs 412.53 per equity share, for the equity shares to be allotted to eligible QIBs in the qualified institutional placements (QIP),” HSIL said in a statement.
The QIP issue closed on March 12, 2015. On Thursday, the stock rallied 8% on BSE.
Today, the stock opened at Rs 444 and touched a low of Rs 424 on BSE. Till 1227 hours, a combined 357,879 shares changed hands on the counter on BSE and NSE.
“The board approved the issue price of Rs 400 per equity share, which is at a discount of Rs 12.53 per share, to the floor price of Rs 412.53 per equity share, for the equity shares to be allotted to eligible QIBs in the qualified institutional placements (QIP),” HSIL said in a statement.
The QIP issue closed on March 12, 2015. On Thursday, the stock rallied 8% on BSE.
Today, the stock opened at Rs 444 and touched a low of Rs 424 on BSE. Till 1227 hours, a combined 357,879 shares changed hands on the counter on BSE and NSE.
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