United Spirits to raise Rs 1615.6 crore through QIP of Equity Shares to QIBs

United Spirits Ltd has announced with reference to the issue of Equity Shares of face value of Rs. 10/- each of United Spirits Ltd (the "Equity Shares") to Qualified Institutional Buyers under Qualified Institutions Placement in terms of Chapter VIII the SEBI Regulations for an amount of up to Rs. 16,156 million (the "Issue"), that the duly authorised Committee of the Board of Directors of the Company has, at its meeting held on October 20, 2009 approved the Placement Document in relation to the issue and decided to close the bid period with effect from October 20, 2009.

The stock closed the day at Rs.1043.70, up by Rs.32.45 or 3.21%. The stock hit an intraday high of Rs.1065.80 and low of Rs.991.

The total traded quantity was 170230 compared to 2 week average of 150634.

Source : Equity Bulls

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