MBL Infrastructures Ltd closes QIP issue

The QIP Committee (the "Committee") of MBL Infrastructures Ltd at its meeting held on December 08, 2014, has approved the closure of the QIP on December 08, 2014.

The committee approved the issue price of Rs. 365.18 per Equity Share (share), which is at a discount of Rs. 19.22 per Equity Share, to the Floor Price of Rs. 384.40 per Equity Share, for the Equity Shares to be allotted to eligible qualified institutional buyers in the QIP and also approved and adopted the Placement Document (PD) dated December 08, 2014, in connection with the QIP.

Shares of MBL Infrastructures Ltd was last trading in BSE at Rs.385.9 as compared to the previous close of Rs. 394.7. The total number of shares traded during the day was 5917 in over 427 trades.

The stock hit an intraday high of Rs. 401.15 and intraday low of 383.05. The net turnover during the day was Rs. 2302302.

Source : Equity Bulls

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