In a regulatory filing, the company informed that the capital raising committee of the board approved the allotment of 1,81,81,818 shares to qualified institutional buyers at the issue price of Rs 605 per share aggregating to Rs 1,099.99 crore.
Emkay Global Financial Services has come out with its hold, buy and accumulate strategies for 7 stocks. Persistent Systems, Jubilant Lifesciences, United Phosphorus, Phoenix Mills, Sesa Goa, Sterlite Industries and Gujarat Narmada Valley Fertilizers Company are the stocks in the list.