India's Tata Consumer jumps on talks to buy stake in snacks maker Haldiram's

Bikaji Foods International

06/09/2023 10:47

** Shares of Tata Consumer Products  TACN.NS  rise 4.3% to
882.6 rupees, their highest since July 27
    ** Co is in talks to buy at least 51% stake in snacks maker
Haldiram's, two people briefed on the matter told Reuters
    ** Haldiram's Indian rival Bikaji Foods International
 BIKA.NS  rise as much as 3.2%
    ** More than 3.1 mln TACN shares change hands by 3:16 p.m.
IST
    ** Twenty four analysts covering the stock rate it "buy" on
avg; median PT is 904 rupees - LSEG data
    ** TACN top gainer on NSE Nifty 50 index  .NSEI , up over
15% so far this year


 (Reporting by Nandan Mandayam in Bengaluru)
 ((Nandan.Mandayam@thomsonreuters.com; Mobile: +91 9591011727;))