Any steep fall in crude prices have inspired stories of imagined alliances and breakups; the current slump is no different
The company allotted 4.49 million equity shares at Rs 890 per share to qualified institutional buyers.
In the broader market, the BSE Mid-cap and Small-cap indices were up 1.2% each.
Bharat Electronics,Astra Microwave Products, Centrum Electronics,BEML and Pipavav Defence are up 3-6% on BSE.
The 30-share Sensex was down 52 points at 28,392 and the 50-share Nifty was down 13 points at 8,512.