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Infinite Computer witnesses 37 bulk deals on day 1
A global service provider of infrastructure management, intellectual property leveraged solutions and IT services, Infinite Computer Solutions has closed with a premium of 16.7% at Rs 192.55. The share has witnessed 37 bulk deals on the exchanges.
A global service provider of infrastructure management, intellectual property leveraged solutions and IT services, Infinite Computer Solutions has closed with a premium of 16.7% at Rs 192.55 as against its issue price of Rs 165 on the NSE on first day yesterday.
The share has witnessed 37 bulk deals on the exchanges, including 12 deals on the BSE and the rest on NSE.
On the BSE, Infinite rose 16.12% to settle at Rs 191.60, after seeing a high of Rs 205.80 and low of Rs 178.35, which was the opening price.
Infinite entered the capital market during January 11-13, 2010, with an IPO of Rs 189.8 crore and the price band was between Rs 155 and Rs 165 per equity share. The company raised Rs 190 crore from this issue.
The fresh issue proceeds will be used for capital expenditure (Rs 25.7 crore); acquisitions (Rs 38 crore) and repayment of debt (Rs 8.4 crore).
