India's Parag Milk climbs over 7% after domestic investor buys stake

Parag Milk Foods

03/04/2023 09:20

** Shares of Parag Milk  PAMF.NS  climb as much as 7.01% to
77.85 rupees, a two-week high
    ** Rise in shares comes after domestic investor Peanence
Commercial bought 1.83 mln shares in the dairy firm in a bulk
deal at 72.75 rupees apiece on Friday
    ** Existing public shareholder AG Dynamic Funds sold 1.95
mln shares in a bulk deal at 72.76 rupees per share
    ** AG Dynamic Funds held 11.02 mln shares, aggregating to a
9.39% stake, ahead of the transaction, according to data from
National Stock Exchange
    ** Trading volume is 466,824 shares as of 1:35 p.m. IST,
more than 30-day avg of 395,568 shares - Refinitiv data

    



 (Reporting by Bharath Rajeswaran in Bengaluru)
 ((bharath.rajeswaran@thomsonreuters.com; +91 9769003463))