India's Ester Industries gains on investment from Varun Beverages' parent

Modi Rubber

15/02/2024 09:11

** Shares of Ester Industries  ESTR.NS  up 12% at 100.15
rupees
    ** Ester allocates 2.6 mln shares to RJ Corp, parent company
of Pepsi India bottler Varun Beverages  VARB.NS , for 250 mln
rupees
    ** Polyester films and speciality polymers maker on
Wednesday said it raised 999.90 mln rupees ($12.04 mln) from
investors, including parent group company Modi Rubber  MODI.NS  
    ** ESTR's Q3 loss widened over four-fold on Wednesday
    ** Including session's gain, ESTR shares up over 12% YTD
after losing 32% last year




($1 = 83.0229 Indian rupees)

 (Reporting by Sethuraman NR in Bengaluru)
 ((Sethuraman.NR@thomsonreuters.com; (+91 9945291420); Reuters
Messaging: nallur.sethuraman.thomsonreuters.com@reuters.net))