Sensex lifeline: high beeps and pratfalls

Sensex lifeline: high beeps and pratfalls
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First Published: Thu, Oct 15 2009. 10 33 PM IST
Updated: Thu, Oct 15 2009. 10 33 PM IST
United Spirits ( 7% Up)
Shares of United Spirits Ltd ended up 7% after CNBC-TV18 reported that the company raised $350 million through a qualified institutional placement (QIP) that was priced at Rs913.70 per share. The QIP issue led to pre-equity dilution of nearly 16.4% and the bookrunners were UBS, Citi, CLSA and Morgan Stanley.
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Euro Multivision (28.6% down)
Euro Multivision Ltd fell 28.6% on the first day of listing as investors worried about its financial health. Also, traded volumes on the National Stock Exchange and the Bombay Stock Exchange were at least five times the issue size. Five qualified institutional bidders were given 4.37 million shares or 50% of the issue.
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Allied Digital (1.5% Down)
The Allied Digital Services Ltd share fell 1.5% on equity dilution concerns after CNBC-TV18 reported the firm had opened a qualified institutional placement book to raise $35-50 million at an issue price of Rs472.29 per share. The company plans to issue 3.45- 4.9 million shares.
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First Published: Thu, Oct 15 2009. 10 33 PM IST
More Topics: CNBC-TV18 | Sensex | Markets | Stocks | United Spirits |