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Satin Creditcare Network Ltd allotted equity shares to seven institutional investors, including ICICI Prudential Life Insurance Company, Societe Generale, among others, to raise around Rs 250 crore.

A series of Abakkus funds purchased 29.54 lakh equity shares or around 6.7 percent stake in the company at a price of Rs 1,103.6 per share.

Offering around Rs 23 crore through 4.99 crore shares, it was a pure fresh issue. The company plans to use the net proceeds to repay Rs 18 crore debt.

Satin Creditcare Network Ltd allotted equity shares to seven institutional investors, including ICICI Prudential Life Insurance Company, Societe Generale, among others, to raise around Rs 250 crore.

The acquisition is of strategic nature and will help the Tarsons Group to enhance its line of business.

Stocks to watch: Check out the companies making headlines before the opening bell today, December 21.

Looking ahead, there might be a consolidation phase for the Nifty in the near term.

Voltas has seen a decisive breakout of downward sloping resistance trendline and formed long bullish candlestick pattern on the weekly charts with robust volumes. The stock jumped 8 percent during the week to Rs 928.

Looking ahead, there might be a consolidation phase for the Nifty in the near term.

The new contract would provide raises and better benefits, following similar deals at other big airlines.