India's Cello World hits record high on report of 7.30 bln rupee QIP

Cello World

04/07/2024 05:17

** Indian kitchenware products maker Cello World  CELO.NS 
up as much as 6.8% to hit all-time high at 1,025 rupees
    ** Co has launched qualified institutional placement to
raise 7.30 billion rupees ($87.40 million), CNBC-TV18 reported,
citing sources
    ** Co on Wednesday approved floor price of 896.10 rupees for
QIP, but did not disclose the amount it aims to raise
    ** CELO did not immediately respond to Reuters' request for
a comment
    ** CELO shrs up 24% since debut in Nov




($1 = 83.5225 Indian rupees)

 (Reporting by Sethuraman NR in Bengaluru)
 ((Sethuraman.NR@thomsonreuters.com; (+91 9945291420); Reuters
Messaging: nallur.sethuraman.thomsonreuters.com@reuters.net))