Corporate

Bajaj Electricals raises Rs 161 cr via QIP

Bajaj Electricals today said it has raised Rs 160.79 crore by issuing shares to qualified institutional buyers. - Bajaj Electricals up 5.5% - EdServ Softsystems to raise $25 mn to fund expansion - ITNL to raise Rs 700 cr through IPO - Piramal Healthcare okays Rs 1K cr fund raising - GlobalLogic to get listed in 18 months - Citi overtakes Morgan Stanley to top in domestic fund raising The issue committee at its meeting held on December 9 had approved the allotment of 20.48 lakh shares, at Rs 785 a piece to qualified institutional buyers (QIB)s, aggregating to Rs 160.79 crore, Bajaj Electricals said in a filing to the Bombay Stock Exchange. The issue opened on December 7 and closed on December 9, 2009. Shares of Bajaj Electricals were trading at Rs 797 on the BSE, up 0.70 per cent from its previous close.

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