Hyderabad-based Maytas Infra, a company engaged in infrastructure development, construction and project management, after listing on bourses today, closed at a premium of 70.27% at the National Stock Exchange (NSE).Maytas Infra issued the shares at a price of Rs 370 as against the price band of Rs 320 to Rs 370 a share of face value of Rs 10.
JM Financial Consultants and DSP Merrill Lynch helped the company manage this issue.Shares closed at Rs 630, at a premium of Rs 260, compared with the issue price of Rs 370 a share. It touched a high of Rs 642, and a low of Rs 515, after opening at Rs 515.75.
Total volume of shares traded was 13,508,756 at the NSE.Maytas Infra intends to deploy the issue proceeds in the development of Bangalore-Hosur elevated expressway, 300 MW coal-based KVK Nilachal power project in Orissa, 56 MW coal washery reject-based SV power plants and 2.5 million MT per annum coal washery at Korba in Chhattisgarh.
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