India's Hindustan Foods up on acquisition of 3 manufacturing units

Hindustan Foods

01/04/2024 07:28

** Shares of Hindustan Foods  HFDS.NS  rise 3% to 487.9
rupees 
    ** Rise comes after co said it acquired 3 manufacturing
units of sportswear company SSIPL Retail Ltd 
    ** Total outlay for transaction was more than 1 billion
rupees (about $12 million), co added
    ** If trend holds, stock set to gain for a second straight
session 
    ** HFDS has fallen 13.3% so far this year


($1 = 83.3780 Indian rupees)

 (Reporting by Yagnoseni Das in Bengaluru)
 ((yagnoseni.das@thomsonreuters.com;))