India's RattanIndia Enterprises surges on Revolt Motors buy

Rattanindia Enterprises

16/01/2023 07:06

** Shares of RattanIndia Enterprises  RTNI.NS  rise as much
as 17.51% to 50 rupees 
    ** Stock's highest intraday gain in five months since August
17, 2022
    ** Jump comes after the conglomerate completes acquisition
of 100% shareholding in electric motorcycles maker Revolt Motors
    ** Revolt Motors is the highest-selling electric bike in
India, with a manufacturing facility in Haryana
    ** Over 9.93 mln shares change hands, as of 12:13 p.m. IST,
more than 8X the 30-day avg of 1.22 mln shares
    
 
 ($1 = 81.3430 Indian rupees)
 (Reporting by Bharath Rajeswaran in Bengaluru)
 ((bharath.rajeswaran@thomsonreuters.com; Mobile:
+919769003463))