India's Prataap Snacks slips after refuting stake sale talks with ITC

Prataap Snacks

23/02/2024 08:59

** Shares of Prataap Snacks  PRAT.NS  down ~5.5% at 1,160
rupees
    ** Maker of Yellow Diamond chips says it wasn't in
negotiations with ITC for a stake sale 
    ** Stock set for its second worst day since mid-2022 when it
had settled ~8% lower
    ** PRAT rose as much as ~14% on Thursday on report ITC
 ITC.NS  was looking to buy a 47% stake in co
    ** ITC shares are ~0.5% down 
    ** PRAT down ~2.7% for the week, set to post third straight
week of losses 
    

 (Reporting by Nishit Navin in Bengaluru)
 ((nishit.navin@thomsonreuters.com;))