India's Bikaji Foods hits record high on 49% stake buy in snack-maker Bhujialalji

Bikaji Foods International

19/07/2023 07:21

** Shares of fast-moving consumer goods company Bikaji Foods
International  BIKA.NS  up as much as 10% to a record high of
468.9 rupees
    ** Co hits sharpest intraday pct gain since April 19 
    ** BIKA acquires 49% stake of equity shares and 396
compulsorily convertible debentures in snack-maker Bhujialalji
Pvt Ltd for 51 mln rupees (~$621,000)
    ** About 3.2 million shares change hands as of 11:33 a.m.
IST, 4.4x 30-day average of 722,783 shares 
    ** Stock down 2.27% this year as of last close 

($1 = 82.0805 Indian rupees)

 (Reporting by Manvi Pant in Bengaluru)
 ((Manvi.Pant@thomsonreuters.com; +918447554364;))