KSK Energy Ventures has surged 5.6% to Rs 119 on the BSE after the company approved an issue price of Rs 99 per share for the QIP issue of 4.04 crore equity shares aggregating to about Rs 400 crore.
According to KSK Energy Ventures, the QIP Committee of the board of directors of the company closed the bids and approved an issue price of Rs 99 per share (including a premium of Rs 89 per share) in connection with the proposed issue and allotment of 4.04 crore equity shares aggregating to approximately Rs 400 crore.
The stock opened at Rs 113, touched a high of Rs 122 and a low of Rs 113 on the BSE thus far. A total of 525,520 shares were traded on both the stock exchanges so far.