News APP

NewsApp (Free)

Read news as it happens
Download NewsApp

Available on  gplay

Home  » Business » Sun TV scrip gains 68% on debut

Sun TV scrip gains 68% on debut

Source: PTI
April 24, 2006 19:47 IST
Get Rediff News in your Inbox:
Shares of Sun TV on Monday gained 68 per cent after being listed on the bourses on aggressive buying by funds as well as general investors.

Sun TV Ltd surged Rs 591.05 at Rs 1,466.05, after touching a high level of Rs 1500, and recorded 340 block deals on the Bombay Stock Exchange and National Stock Exchange.

About 1.68 crore share exchanged hands on both the bourses on the first day of trading.

The company, which operates Tamil and other regional language satellite channels in the southern region, sold 6.9 crore shares at Rs 875, raising Rs 603 crore in its initial public offer early this month.

Do you want to discuss stock tips? Do you know a hot one? Join the Stock Market Investments Discussion Group

Get Rediff News in your Inbox:
Source: PTI© Copyright 2024 PTI. All rights reserved. Republication or redistribution of PTI content, including by framing or similar means, is expressly prohibited without the prior written consent.
 

Moneywiz Live!