India's Quality Power rises on Winwin Speciality Insulators acquisition
BUZZ-India's Quality Power rises on Winwin Speciality Insulators acquisition June 10 - ** Shares of India's Quality Power Electrical Equipments QUAY.NS rise 3.6% to 1,172 rupees in intraday trading
** QUAY stock is on track for its fourth straight session of advances, if gains hold
** The heavy electrical equipment manufacturer, on Tuesday, acquired Visakhapatnam-based manufacturer of high-voltage ceramic and polymeric insulators, Winwin Speciality Insulators Limited
** Deal valued at 3.15 billion rupees ($33.00 million)
** Acquisition expected to add to QUAY's high-voltage product portfolio
** Deal comes amid accelerating global capital deployment in transmission networks, substations, renewable-energy transportation and grid modernization
** YTD, stock up ~58.47%
($1 = 95.4500 Indian rupees)
(Reporting by Saikeerthi in Bengaluru)
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India's Quality Power rises on Winwin Speciality Insulators acquisition