India's Annapurna Swadisht jumps after completion of fund raise

Annapurna Swadisht

12/09/2024 09:58

** Shares of Annapurna Swadisht Ltd  ANNP.NS  rise as much
as 7.5% to 425 rupees
    ** Food manufacturing co says it has completed fund raise of
about 1.5 bln rupees ($17.86 mln) from qualified institutional
buyers 
    ** Adds, fund raise by issue of shares at 413.21 rupees per
share, 4.5% higher than last close
    ** Stock on track to snap 2 days of losses
    ** ANNP gained ~41% YTD so far, on track to gain for 2nd
straight year


($1 = 83.9800 Indian rupees)

 (Reporting by Meenakshi Maidas in Bengaluru)
 ((meenakshi.maidas@thomsonreuters.com;))