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The Economic Times
The Economic Times
Ritesh Presswala

Blue Jet Healthcare shares rally 9% after Rs 800 crore QIP allotment

Blue Jet Healthcare ICICI Prudential ICICI Prudential Mutual Fund

Shares of Blue Jet Healthcare witnessed strong buying interest during Friday’s trading session, surging nearly 9% intraday to touch Rs 623.35, after the company successfully completed its Rs 800 crore Qualified Institutional Placement (QIP), which attracted participation from leading institutional investors.

The company announced that its Investment and Finance Committee approved the allotment of 15,810,276 equity shares to qualified institutional buyers (QIBs) at an issue price of Rs 506 per share. The QIP, which opened on July 6 and closed on July 9, raised Rs 800 crore for the company.

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