India's RITES, Fine Organic Industries rise on market debut

Fine Organic Industries

02/07/2018 05:44

July 2 (Reuters) - Shares of RITES Ltd  RITS.NS  and Fine
Organic Industries Ltd  FINO.NS  rose in their market debut on
Monday, after initial share sales aiming to raise a combined
10.66 billion rupees ($157.20 million) saw strong interest from
investors last week. 
    Shares of RITES, a state-run engineering consultant, were up
10.11 percent at 203.65 rupees, as of 0438 GMT.
    Additives maker Fine Organic Industries Ltd's shares jumped
3.8 percent to 812.30 rupees. 

 (Reporting by Tanvi Mehta in Bengaluru, Editing by Sherry
Jacob-Phillips)
 ((tanvi.mehta@thomsonreuters.com; +91 80 67494756 ; Reuters
Messaging: tanvi.mehta.thomsonreuters.com@reuters.net))