India's Bombay Burmah Trading tanks 10% after Go First files for bankruptcy

Bombay Burmah Trading,

03/05/2023 05:34

** Shares of Bombay Burmah Trading Corporation  BBRM.NS 
plunge as much as 10% in early trade to 936.05 rupees - highest
intraday pct loss since Feb. 24, 2022 
    ** Go First airline, which filed for bankruptcy on Tuesday,
availed loan from BBRM in the form of inter-corporate deposits -
insolvency filing
    ** Loan amount yet to be ascertained
    ** If losses hold, BBRM set to snap four straight sessions
of gains 
    ** More than 314,000 shares traded by 9:51 a.m. IST, 3.8x
their 30-day avg
    ** Up to last close, BBRM rose 14.7% YTD 

 (Reporting by Rama Venkat in Bengaluru)
 ((ramavenkat.raman@thomsonreuters.com; https://twitter.com/ramavenkat0607;))