Sensex lifeline: high beeps and pratfalls

Sensex lifeline: high beeps and pratfalls

Jet Airways (3.84% Up)

Shares of Jet Airways (India) Ltd were up 3.84% on the National Stock Exchange. CNBC-TV18 reported that the firm had obtained the board’s approval for raising funds, which could include selling shares via the qualified institutional placement route to raise Rs800-1,000 crore.

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Kingfisher Airlines (6.85 % Up)

Shares of Kingfisher Airlines Ltd were up 6.85% on the National Stock Exchange on Friday. CNBC-TV18 reported that the company is planning to raise at least $100 million by selling global depository receipts and through the qualified institutional placement of shares.

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Fame India (5.10% Up)

Shares of Fame India, a leading chain of multiplexes, gained 5.10% on the National Stock Exchange on Friday after Temasek, Singapore government’s sovereign wealth fund, sold its entire stake in the firm. Temasek held a 13.5% stake in Fame India through two of its subsidiaries.

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Sesa Goa (5.61% Down)

Shares of Sesa Goa Ltd, part of the Vedanta group, were down 5.61%. The company said on Friday it will seek shareholders approval on 20 October to raise Rs6,000 crore in equity or debt. It plans to raise up to $500 million in foreign currency convertible bonds.

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Strides Arcolab (6% Up)

Shares of Strides Arcolab were up 6% after the company launched its anti H1N1 drug Starflu in retail. Starflu is the generic version of drug Oseltamivir and is available in 75 mg capsules in a strip of 10’s, the maximum retail price for which is Rs460 per strip. Shares rose as much as 10.3 % in early trade.

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