India Glycols down on customs order totalling nearly $14 mln

India Glycols

10/04/2024 08:01

** Shares of India Glycols  IGLY.NS  down 1% to 839.35
rupees, trimming some losses after falling as much as 4.3% 
    ** Chemicals maker says it received order for customs duty
demand of 334.3 mln rupees ($4 million) and penalty of 820 mln
rupees ($9.9 million) under India's customs act
    ** Stock on track to fall for third straight session, if
trend holds
    ** Stock up ~11% so far in April after two straight monthly
falls

($1 = 83.2175 Indian rupees)

 (Reporting by Varun Vyas in Bengaluru)
 ((varunvyas.hebbalalu@thomsonreuters.com))