Mumbai: Bajaj Electricals on Thursday 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 percent from its previous close.
PTI
First Published: Thursday, December 10, 2009, 12:09