India's EKI Energy up on $125 million climate fund partnership

Eki Energy Services

18/10/2022 07:03

** Shares of India-based carbon credit developer and
supplier EKI Energy Services Ltd  EKIE.BO  rise as much as 5.66%
to 1,775 rupees, their biggest intraday pct gain since Oct. 11
    ** Co said on Tuesday it entered into a partnership with
Impact Capital Asset Management, a Singapore-based fund
management company, to launch a $125 million climate impact fund
    ** EKIE said it would invest upto 2 billion Indian rupees 
($24.35 million) as part of the fund to develop climate change
mitigation projects
    ** More than 41,000 shares traded by GMT 0554 vs 30-day avg
of 68,116 shares 
    ** Stock down 32.3% YTD, as of last close
($1 = 82.1500 Indian rupees)
 (Reporting by Nishit Navin in Bengaluru)
 ((nishit.navin@thomsonreuters.com;))