MUMBAI, Dec 31 (Reuters) - Shares of real estate firm Brigade
Enteprises Ltd <BRIG.BO> <BRIG.NS> listed at 409.40 rupees on
Monday, up 5 percent from its issue price of 390 rupees a share.
Its shares were trading at 377.15 rupees at 9:58 a.m. (4:28
GMT) on the BSE, after hitting a low of 372 rupees.
The company hass raised 6.47 billion rupees in its initial
public offering, with the issue of 16.6 million shares. The issue
would constitute 16.87 percent of the fully diluted post-issue
paid-up capital of the company.
The funds raised would be used to acquire land and to meet
the construction and development costs of its projects.
(Reporting by Janaki Krishnan; editing by Sunil Nair) )
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Keywords: BRIGADE ENTERPRISES/LISTING