Prestige Estates Projects Ltd closes bids for QIP

The QIP Committee of Prestige Estates Projects Ltd, at its meeting held on August 08, 2014, has decided to close the bidding for qualified institutions placement of Equity Shares of the Company (Issue) and approved the issuance of up to 25,000,000 Equity Shares Rs.10.00 each at an issue price of Rs. 245.00 per Equity Share, including a premium of Rs. 235.00 per Equity Share aggregating to approximately Rs. 6,125.00 million to eligible Qualified Institutional Buyers (the "QIBs") under the Chapter VIII of the SEBI Regulations.

The Issue was opened on August 4, 2014.

Shares of PRESTIGE ESTATES PROJECTS LTD. was last trading in BSE at Rs.247.25 as compared to the previous close of Rs. 249.1. The total number of shares traded during the day was 15306 in over 968 trades.

The stock hit an intraday high of Rs. 253.45 and intraday low of 246.35. The net turnover during the day was Rs. 3828514.

Source : Equity Bulls

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