India's Apollo Sindoori Hotels at record high on Faber Sindoori stake deal

Apollo Sindoori Hotels

06/10/2022 06:12

** Shares of Apollo Sindoori Hotels  APOS.NS  rise as much
as 9.9% to all-time high of 1,389 rupees
    ** APOS to pay 700 mln rupees ($8.6 mln) to buy 51% in Faber
Sindoori Management Services held by Faber Facilities SDN BHD
 urn:newsml:reuters.com:*:nFWN3151DM
    ** Stock has risen in 6 out of last 7 sessions, gaining over
60% in the period
    ** Last Friday, APOS entered a loan agreement with Aditya
Birla Finance to borrow 500 mln rupees  urn:newsml:reuters.com:*:nFWN3110YM
    ** More than 19,000 shares traded by 0454 GMT on Thursday,
vs 30-day avg of 10,538 shares
    ** Up to last close, stock had risen 52.8% YTD
 
 ($1 = 81.6225 Indian rupees)
 (Reporting by Anisha Ajith in Bengaluru)
 ((anisha.ajith@thomsonreuters.com);(+91 9446825440))