India Glycols rises after $11 mln stake sale

India Glycols

11/09/2023 05:48

** Shares of India Glycols  IGLY.NS  up as much as 7.4% at
802.60 rupees, highest since Jan. 2
    ** Co said it sold its entire stake in Shakumbari Sugar and
Allied Industries for 902.8 mln rupees ($10.9 mln)
    ** Stock set to snap five sessions of losses 
    ** More than 365,000 shares changed hands by 10:10 a.m. IST,
 1.3x 30-day avg 
    ** YTD stock had risen ~2%
 
 ($1 = 82.9150 Indian rupees)

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