India's Kesoram Industries falls; co to spin off tyre business
05/12/2018 04:26
** Shares of Kesoram Industries Ltd KSRM.NS fall as much
as 7.9 pct to 89.60 rupees, their biggest intraday pct loss
since Oct 8
** The co engaged in cement and automobile tyre business
said on Tuesday it will spin off its tyre business into a
resulting co Birla Tyre Ltd urn:newsml:reuters.com:*:nFWN1Y909C
** More than 1.4 mln shares change hands, vs the 30-day
moving avg of 784,399 shares
** Stock down 29.55 pct this year as of last close
((harish.bhaskar.thomsonreuters.com@reuters.net))
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