India's Panacea Biotec surges as IndiaRF will invest up to $144 mln in co

Panacea Biotec

09/04/2019 05:18

** Shares of health management company Panacea Biotec Ltd
 PNCA.NS  rise as much as 18.7 pct to 212.8 rupees, their
biggest intraday gain since March 28, 2019
    ** Co said on Monday India Resurgence Fund (IndiaRF)
announced investment of up to $144 mln in co  urn:newsml:reuters.com:*:nFWN21Q0D3
    ** Subject to exercise of warrants, IndiaRF, affiliates, to
collectively own 10.4 pct stake in co
    ** About 450,749 shares change hands compared with the
30-day average of around 113,717 shares
    ** As of Monday's close, stock is up 11.93 pct so far this
year

 ((harish.bhaskar.thomsonreuters.com@reuters.net))