Ashok Leyland raises Rs. 666.72 crore through QIP

The Fund Raising Committee of Ashok Leyland Ltd at its meeting held July 04, 2014, approved the issue and allotment of 18,52,00,000 Equity Shares of face value Re. 1 each to eligible Qualified Institutional Buyers (QIB) at the issue price of Rs. 36.00 per Equity Share, aggregating to Rs. 666,72,00,000 (Rupees Six Hundred Sixty Six Crore and Seventy Two Lakh Only).

Shares of ASHOK LEYLAND LTD. was last trading in BSE at Rs.36.1 as compared to the previous close of Rs. 35.55. The total number of shares traded during the day was 1752334 in over 6014 trades.

The stock hit an intraday high of Rs. 36.35 and intraday low of 35.2. The net turnover during the day was Rs. 62980147.

Source : Equity Bulls

Keywords