Tuesday, March 30, 2010

DQ Entertainment lists at 69% premium on BSE..........

DQ Entertainment lists at 69% premium on BSE

MUMBAI: Animation and gaming company DQ Entertainment (International) on Monday opened with a premium of nearly 69% at Rs 135 on the BSE over its issue price. Shares of DQ Entertainment, after opening firm on the Bombay Stock Exchange (BSE), jumped 75% over their issue price of Rs 80 to day’s high of Rs 140. It closed at Rs 108.55. A total of 42.93 lakh shares of DQ Entertainment changed hands on the BSE in opening trade. The company has listed with 7.92 crore shares on the BSE. It has proposed to utilise net proceeds of Rs 128 crore, raised from its initial public offer (IPO), to part fund general corporate expenditure, besides those for business expansion.

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