Comments
Ashoka Buildcon Ltd shares soar as much as 7.2 per cent to a record high of Rs 207 in early trade on Wednesday.
At 11.30 am, the stock was trading up 0.73 per cent or Rs 1.40 at Rs 194.50 on the BSE.
The company has raised Rs 500 crore ($80.3 million) from a share sale to institutional investors, two sources directly involved in the deal told Reuters on Tuesday.
Demand for the shares on sale hit Rs 650 crore. Investors who bought shares include Singapore-based fund GMO, ICICI Prudential and Morgan Stanley.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.