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This is an archive article published on August 18, 2010

Bajaj Corp lists up 18 pct on debut

Hair oil producer Bajaj Corp shares listed at Rs 780 on the BSE on Wednesday...

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Hair oil producer Bajaj Corp shares listed at Rs 780 on the BSE on Wednesday,18.18 percent higher from its issue price of 660 rupees.

The firm raised 3 billion rupees via the initial public offering (IPO) of 4.5 million shares,with the issue being covered 19.2 times.

Bajaj Corp,which is a unit of the Bajaj Group,which owns India’s top sugar maker Bajaj Hindusthan plans to use the proceeds for product expansion and acquisitions.

At 9:02 a.m.,shares of the firm were up 20.15 percent at 793 rupees on the BSE.

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