India's GMM Pfaudler extends rally to 13-month high after debt repayment
BUZZ-India's GMM Pfaudler extends rally to 13-month high after debt repayment ** Shares of GMM Pfaudler GMMP.NS rise as much as 5.9% to a 13-month high of 1,308.6 rupees
** Shares of the corrosion-resistant equipment maker on track for a fourth consecutive session of gains, taking their advance over the period to 21.2%
** Since disclosing the repayment of 7 million euros ($8.14 million) of debt to a consortium of lenders, GMMP shares have gained about 25%, rising in six of the last seven sessions
** Separately, Persistence Capital Fund I purchased 240,000 shares in the company on Monday at 1,236.11 rupees each, a 7.7% premium to the previous close, NSE bulk deal data showed
** GMMP shares are up 17.6% in 2026 so far, according to exchange data
($1 = 0.8602 euros)
(Reporting by Bharath Rajeswaran in Bengaluru)
((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))
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