India's MSTC rises after Konoike Transport wins bid for unit

MSTC

20/09/2024 05:23

** Shares of India's MSTC  MSTC.NS  rise as much as 4.2% at
753 rupees
    ** Move comes after India on Thursday approved Konoike
Transport Co.  9025.T  as strategic buyer for Ferro Scrap Nigam,
a unit of co
    ** The Japanese ground freight and logistics co wins bid at
3.20 bln rupees ($38.3 mln) 
    ** Including session's moves stock has gained 8.5% YTD 


($1 = 83.5620 Indian rupees)

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