India's Genus Power Infra rises as unit to pick up 30% stake in meter maker

Genus Power Infrastructures

02/07/2024 06:37

** Shares of India's Genus Power Infrastructures  GEOE.NS 
up 4.6%, after rising as much as 5% earlier in the session 
    ** Co's unit inked share purchase agreement to buy 30% stake
in Maharashtra Akola Amravati Smart Metering Pvt Ltd
    ** GEOE did not any disclose financial details of the deal 
    ** Stock set to rise for the third straight session, if
gains hold  
    ** Trading vols 1.3x 30-day avg 
    ** YTD stock had risen ~46%  

 (Reporting by Hritam Mukherjee in Bengaluru)
 ((Hritam.Mukherjee@thomsonreuters.com;))