CAPITALSTARS
DAILY CORPORATE NEWS
IDBI Bank to raise Rs3771 cr via QIPs; stk up
IDBI Bank rose over 2% to Rs91.15, after the bank announced that it plans to raise funds via qualified institutional placement (QIP) throughout the year.
The public sector lender has informed BSE that it will be raising the equity capital to the tune of Rs 3,771 crore at an appropriate time during the year.
Aviation stocks in limelight
Shares of three aviation firms rose after jet fuel price was reduced by a steep 9.99% from January 01, 2016.
Spice Jet (up 5.18%), Jet Airways (India) (up 4.99%) and InterGlobe Aviation (up 4.97%) at 10.33 am.
M&M December 2015 Auto division sales up 4.4% YoY
Mahindra & Mahindra December 2015 Auto division sales up 4.4% YoY to 37,915 units; marginally below estimates.
Piramal Ent up on fund raising proposal
Piramal Enterprises rose over 2%, touching to Rs1030, after the company said that a meeting of its committee of directors will be held on January 05, 2016, to consider issue of secured non-convertible debentures amounting upto Rs500 crore.
KEC Intl surges on securing new order
KEC International rose nearly 6%, touching to Rs164.15, after the company said it secured new orders worth Rs 1001 crore in its transmission & distribution, cables and solar businesses.
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