India's Nesco slips as Mumbai exhibition halls to be used for general elections

NESCO

22/02/2024 10:10

** Shares of Nesco  NSEN.NS  end down 1.4% at 873.90 rupees;
it fell as much as 2.2% earlier in the session 
    ** NSEN, which is engaged in licensing premises in IT park
buildings, says it has got letter from Mumbai's Collector and
District Election Officer seeking possession of co's exhibition
halls
    ** Adds, possession is for counting of votes for upcoming
general elections and premises shall be made available to
authorities from March 1 till further instructions 
    ** "Event may have an impact on the business operations of
the company" - NSEN
    ** Adds, it is assessing the material impact of the
possession
    ** Stock down 1.1% YTD 




 (Reporting by Ashish Chandra in Bengaluru)
 ((ashish.chandra@thomsonreuters.com (+91 7982114624))