Approval for BRNL’s IPO plan pushes SREI Infrastructure Finance upwards
DSIJ Intelligence / 24 Aug 2017
After SREI Infrastructure Finance informed the exchange that Bharat Road Network Limited has received approval from the Registrar of Companies (RoC)
After SREI Infrastructure Finance informed the exchange that Bharat Road Network Limited has received approval from the Registrar of Companies (RoC), West Bengal on August 23, 2017, with regard to the Red Herring Prospectus filed by BRNL, the scrip has been holding its morning gains to trade at Rs 122.1 per share, up by 2.69% on the BSE.
The stock touched its intraday high of Rs 123.65 per share, up by nearly 4%. The stock has attracted trading volume of 11,70,951 shares while the traded value stood at Rs 14.32 crores on the NSE as of 1049 hours. The issue will open for subscription on Wednesday, September 6, 2017 and shall close on Friday, September 8, 2017.
Meanwhile, Nifty was trading at 9,856, up by 4 points while Sensex was trading at 31,577, up by 9 points on Thursday. There were 931 advances, 612 declines and 413 unchanged stocks, reflecting a fairly positive bias in the market.
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