Markets | Mphasis rise on sale of 3.63% equity

Markets | Mphasis rise on sale of 3.63% equity
Comment E-mail Print Share
First Published: Fri, Mar 06 2009. 10 35 PM IST
Updated: Fri, Mar 06 2009. 10 35 PM IST
Mumbai: Bangalore-based Mphasis Ltd, the Indian unit of Electronic Data Systems Corp., had about 3.63% of its equity change hands in a single transaction.
More than 7.59 million shares were sold at Rs170.5 apiece on the National Stock Exchange at 10.30am, according to data compiled by ‘Bloomberg’. The volume was 26 times the stock’s six-month daily average.
Mphasis closed at Rs183.30 on the Bombay Stock Exchange, up Rs14.80 or 8.78%.
Bloomberg
*********
IIFCL extends bond issue to 18 March: bankers
Mumbai:India Infrastructure Finance Co. Ltd (IIFCL) has extended the deadline for its Rs2,670 crore bond issue to 18 March as it has raised only about Rs1,700-1,800 crore so far, three bankers to the issue said on Friday.
The issue was originally scheduled to close on Friday.
The infrastructure lender is selling 5-year bonds at 6.85%, the same terms as the issue in January.
As part of its stimulus packages, India has allowed IIFCL to raise Rs40,000 crore of tax-free bonds to finance projects worth Rs1 trillion in the country.
Of this Rs40,000 crore limit, one-fourth is to be raised before the end of the current fiscal year in March.
The money aimed to be raised through the current issue would complete this tranche. IIFCL had raised about Rs7,300 crore in January.
Reuters
*********
Comment E-mail Print Share
First Published: Fri, Mar 06 2009. 10 35 PM IST