Birla Power finalizes QIP issue price at Rs 36

With the reference to the earlier announcement dated January 29, 2008 regarding Qualified Institutions Placement of the Company, Birla Power Solutions Ltd has announced that the Company along with Lead Manager has finalized the issue price at Rs 36/- per Equity Share of face value Rs 10/- (including a premium of Rs 26/- per share).

The stock closed the day at Rs.40.25, up by Rs.0.80 or 2.03%. The stock hit an intraday high of Rs.41.20 and low of Rs.38.30.

The total traded quantity was 29336 compared to 2 week average of 35928.

Source : Equity Bulls

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