India's Advent Hotels jumps after announcement of stake buy in unit by Prestige
06/07/2026 05:06
BUZZ-India's Advent Hotels jumps after announcement of stake buy in unit by Prestige ** Shares of India's Advent Hotels International ADVO.NS rise 8.9% to 153 rupees, set for highest intraday rise since April 2026
** Co said on Friday that Prestige Estates Projects PREG.NS would acquire 50% equity share in Advent Convention and Hotels International, a unit of ADVO
** Prestige to invest 5.04 bln rupees ($52.91 million) for transaction
** More than 375,000 shares traded by 9:30 a.m. IST vs 30-day avg of 206,000 shares
** Stock down 31.6% YTD
($1 = 95.2500 Indian rupees)
(Reporting by Abhirami G in Bengaluru)
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