India's Affordable Robotic rises after unit approves fund raise, order wins

Affordable Robotic & Automation

03/12/2024 07:11

** Shares of Affordable Robotic & Automation Ltd  AFFO.NS 
rise as much as 6.4% to 678.45 rupees
    ** AFFO on Monday said its unit has approved a fund raise
worth $15 mln to support business expansion plans and working
capital requirements
    ** Adds, unit has also won orders worth $4 mln
    ** Stock on track to snap three consecutive sessions of
losses, if trend holds
    ** Stock is down 11.7% since listing on Oct. 23 

 (Reporting by Ashish Chandra in Bengaluru)
 ((ashish.chandra@thomsonreuters.com (+91 7982114624))