Buzz builds up on BSEL private placement
According to market sources, the placement is likely to be made at a 25% premium to the current market price.
By TNN |
Market grapevine has it that BSEL Infrastructure Realty is planning a private placement of shares to fund its upcoming projects. According to market sources, the placement is likely to be made at a 25% premium to the current market price.
BSEL Tech Park, International InfoTech Park, Airoli Knowledge Park (all in Navi Mumbai, Maharashtra) and Kevadia Dam Project, Gujarat, are some of the projects under BSEL Infrastructure Realty. The company, when contacted, denied that it is planning a private placement of shares. Shares of BSEL ended marginally lower at Rs 69 on the BSE on Wednesday.
BSEL Tech Park, International InfoTech Park, Airoli Knowledge Park (all in Navi Mumbai, Maharashtra) and Kevadia Dam Project, Gujarat, are some of the projects under BSEL Infrastructure Realty. The company, when contacted, denied that it is planning a private placement of shares. Shares of BSEL ended marginally lower at Rs 69 on the BSE on Wednesday.
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