6:00 PM Mumbai – Jaiprakash Power launched qualified institutional placement to raise nearly $730 million. LIC Housing Finance plans to raise nearly $37 million. Reliance Industries and two partners plan to invest over $5 billion in KG-D6 basin. Thomas Cook net declined 25%.
The Sensex Index inched up 7.03 to close at 19,642.75 The CNX Nifty rose 3.35 to close at 5,943.05.
Gainers & Losers
Jaiprakash Power Ventures Limited
plunged 6.4% to Rs 30.75 after the company began qualified institutional placement to raise nearly Rs 3,500 crore.
Lanco Infratech Limited
climbed 2.3% to Rs 12.09 and the company is in negotiations to sell stakes in three power plants to its Malaysian partner, Genting.
LIC Housing Finance Limited
slid 0.9% to Rs 246 on the media reports that the company plans to raise nearly $36.85 million in two-years.
Reliance Industries Limited
jumped 3.1% to Rs 875.35 and the company with its two partners, BP and Niko Resources plan to invest over $5 billion in three-to-five years in KG-D6 block located in the Arabian Sea off the east coast.
Seshasayee Paper and Boards Limited
climbed 6.6% to Rs 234.45 after net profit in the third quarter surged 73.2% to Rs 8.11 crore.
Thomas Cook (India) Limited
rose 0.4% to Rs 54.50 after net profit in the fourth quarter net profit declined 25.5% to Rs 3.10 crore.
Walchandnagar Industries Limited
gained 0.9% to Rs 70.05 and third quarter net loss widened to Rs 16.92 crore compared to Rs 6.08 crore.
Wallfort Financial Services Limited
jumped 4.2% to Rs 24.80 after the company reported third quarter net swung to a profit of Rs 2.58 crore from net loss of Rs 2.91 crore a year ago period.